Classical Gold Standard

Lawrence H. Officer ()
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Lawrence H. Officer: University of Illinois at Chicago

Chapter Chapter 14 in Essays in Economic History, 2022, pp 249-289 from Springer

Abstract: Abstract The classical gold standard is the most famous monetary system that ever existed, with its heyday lasting a third of a century. By the time World War I began, the gold standard had become the predominant national and international monetary system in the world. The gold standard exhibited both elements that promoted stability and forces that fostered instability. Modern time-series analysis has been used to examine various facets of the gold standard, especially the roles of the core countries (Britain, France, Germany, and the United States). While there is apparent consensus on some aspects of the gold standard, controversies continue, and there remains room for further research and reflection.

Keywords: Gold standard; Center; Core; Periphery; Scamble to gold; Gold-exchange standard; Gold points; Gold-point spread; Gold-point arbitrage; Automatic correctives; Stability; Instability; Rules of the game; Sterilization; Bank of England; Convertibility; Speculation; Exchange-market pressure; Monetary base; Breakdown (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95925-8_14

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DOI: 10.1007/978-3-030-95925-8_14

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