The Stability of the Interwar Gold Exchange Standard: Did Politics Matter?

Kirsten Wandschneider

80 citations0/0 files storedThe Journal of Economic History

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Global Financial Crisis and Policies Monetary Policy and Economic Impact Historical Economic and Social Studies

Abstract

Economic historians have devoted enormous attention to the collapse of the interwar gold standard. This article proposes a discrete time duration model (using a panel data set of 24 countries for 1928–1936) to analyze how economic and political indicators affected a country's term on the gold standard. High per capita income, international creditor status, and prior hyperinflation increased the probability of continuation. In contrast, democratic regimes left early. Unemployment, sterling group membership, higher inflation, and the experience of banking crises reduced the time a country remained on the gold standard. This study also predicts sample countries' survival probabilities.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 80 citations exist upstream.

References

1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1995Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism 2017A Monetary History of the United States, 1867-1960 1964A Monetary History of the United States 1867-1960 1964A Monetary History of the United States, 1867-1960 2003The Economic Effects of Constitutions 2004The world economy: historical statistics 1992Central Bank Strategy, Credibility, and Independence: Theory and Evidence

Cited by

2009The Slide to Protectionism in the Great Depression: Who Succumbed and Why?2015Shocking Intellectual Austerity: The Role of Ideas in the Demise of the Gold Standard in Britain 2020Do old habits die hard? Central banks and the Bretton Woods gold puzzle 2010International aspects of the Great Depression and the crisis of 2007: similarities, differences, and lessons 2014Capital controls and recovery from the financial crisis of the 1930s

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.