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Between the Dollar-Sterling Gold Points: Exchange Rates, Parity and Market Behavior - Couverture souple

Livre 6 sur 49: Studies in Macroeconomic History

Officer, Lawrence

 
9780521038218: Between the Dollar-Sterling Gold Points: Exchange Rates, Parity and Market Behavior
Couverture souple
ISBN 10 : 0521038219 ISBN 13 : 9780521038218
Editeur : Cambridge University Press, 2007

Synopsis

Officer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of the American foreign-exchange market over time. Second, it is proved that gold-point arbitrage is markedly more efficient than either interest arbitrage or forward speculation. Third, regime efficiency is explored from standpoints of both private agents and policy-makers; the 1925–1931 gold standard, though less durable than the pre-war standard, is nevertheless shown to be surprisingly stable. The book will serve as a Dollar-Sterling handbook for those interested in this important aspect of international monetary history.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Officer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of the American foreign-exchange market over time. Second, it is proved that gold-point arbitrage is markedly more efficient than either interest arbitrage or forward speculation. Third, regime efficiency is explored from standpoints of both private agents and policy-makers; the 1925–1931 gold standard, though less durable than the pre-war standard, is nevertheless shown to be surprisingly stable. The book will serve as a Dollar-Sterling handbook for those interested in this important aspect of international monetary history.

Revue de presse

'Students of Dollar-Sterling exchange rates will find this book to be a superb US-British financial history of the period 1791–1931 as well as an original statistical and analytic study of how the gold standard worked.' Anna J. Schwartz, National Bureau of Economic Research

'... the book is a beautiful example of the best kind of analysis of market micro-structure, and deserves to be on the shelves of any serious student of the history of the dollar-sterling exchange rate.' The Economic Journal

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cambridge University Press
Date d'édition
2007
Langue
anglais
ISBN 10 
0521038219
ISBN 13 
9780521038218
Reliure
Broché
Numéro d'édition
1
Nombre de pages
368
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

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