全球智库信息集成服务系统(G2TT): Fetters of Gold and Paper

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16202
来源ID	Working Paper 16202
	Fetters of Gold and Paper
	Barry Eichengreen; Peter Temin
发表日期	2010-07-22
出版年	2010
语种	英语
摘要	We describe in this essay why the gold standard and the euro are extreme forms of fixed exchange rates, and how these policies had their most potent effects in the worst peaceful economic periods in modern times. While we are lucky to have avoided another catastrophe like the Great Depression in 2008-9, mainly by virtue of policy makers' aggressive use of monetary and fiscal stimuli, the world economy still is experiencing many difficulties. As in the Great Depression, this second round of problems stems from the prevalence of fixed exchange rates. Fixed exchange rates facilitate business and communication in good times but intensify problems when times are bad.
主题	International Economics ; International Finance ; History ; Financial History
URL	https://www.nber.org/papers/w16202
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/573877
推荐引用方式 GB/T 7714	Barry Eichengreen,Peter Temin. Fetters of Gold and Paper. 2010.