Afterword to Part VI

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

Chapter Chapter 23 in Essays in Economic History, 2022, pp 461-475 from Springer

Abstract: Abstract The work of the present author on bullionist episodes is compared to that of subsequent scholars. The data series underling dollar-sterling exchange-market history—par value, exchange rate, and gold points—are discussed and relevant summary statistics listed for subperiods of the full time span. Background analysis of exchange-market integration, market efficiency, and regime efficiency is presented. Criticisms of the author’s dollar-sterling work are acknowledged. Regarding the U.S. specie standard, later literature concentrates on the issue of whether the Second Bank of the United States was a central bank. Some scholars agree with the present-author’s affirmative conclusion; but one researcher argues strongly that Second Bank money should not be considered high-powered. Her critique is not neglected here.

Keywords: Bullionist periods; Dollar-sterling; Parity; Exchange rate; Gold points; Integration; Market efficiency; Regime efficiency; Specie standard; First Bank; Second Bank (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_23

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DOI: 10.1007/978-3-030-95925-8_23

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