Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era

J. Ernesto López-Córdova and Chris Meissner.
Authors registered in the RePEc Author Service: Christopher M. Meissner and José Ernesto López-Córdova ()

No C00-118, Center for International and Development Economics Research (CIDER) Working Papers from University of California at Berkeley

Abstract: In this paper we show that the spread of the classical gold standard in the late nineteenth century increased international trade flows. This positive effect was compounded whenever a group of countries formed a monetary union. Applying the gravity model of trade to more than 1,100 country pairs during the 1870-1910 period, we find that two countries on gold would trade 60 percent more with each other than with countries on a different monetary standard. Moreover, a monetary union would more than double bilateral trade flows. Our findings are relevant for current discussions on alternative monetary arrangements for the twenty-first century.

Date: 2000-11-01
New Economics Papers: this item is included in nep-cba, nep-ifn and nep-mac
References: Add references at CitEc
Citations: View citations in EconPapers (80)

Downloads: (external link)
http://www.haas.berkeley.edu/groups/iber/wps/cider/c00-118.pdf main text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.haas.berkeley.edu/groups/iber/wps/cider/c00-118.pdf [301 Moved Permanently]--> http://haas.berkeley.edu/groups/iber/wps/cider/c00-118.pdf)

Related works:
Journal Article: Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era (2003)
Working Paper: Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucb:calbcd:c00-118

Ordering information: This working paper can be ordered from
IBER, F502 Haas Building, University of California at Berkeley, Berkeley CA 94720-1922

Access Statistics for this paper

More papers in Center for International and Development Economics Research (CIDER) Working Papers from University of California at Berkeley University of California at Berkeley, Berkeley, CA USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().