Golden Fetters. The Gold Standard and the Great Depression, Barry Eichengreen. NBER Series on Long-term Factors in Economic. NBER WORKING PAPER SERIES. FETTERS OF GOLD AND PAPER. Barry Eichengreen. Peter Temin. Working Paper Golden Fetters: The Gold Standard and the Great Depression, Barry Eichengreen. Published in January by Oxford University Press in NBER.
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Read, highlight, and take notes, across web, tablet, and phone. Is there a better book about the gold standard?
Not that I know of.
Barry Eichengreen – Wikipedia
This book is definitely not an easy read; it contains a wealth of detail and makes an excellent reference.
Anyone who advocates a return to the gold standard should revisit the flawed premises that underpinned the gold standard before WWI and how those flawed premises were exposed by war and the Great Depression. Account Options Sign in. This book offers a reassessment of the international monetary problems that led to the global economic crisis of the s.
It explores the connections between the gold My library Help Advanced Book Search. Oxford University Press Amazon. The Gold Standard and the Great Depression, The causes and duration of the Depression of the s remain two of the principal mysteries confronting economists and historians. It explores the connections between the gold standard–the framework regulating international monetary affairs until and the Great Depression that broke out in Eichengreen shows how economic policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the s.
He demonstrates that the gold standard fundamentally constrained the economic policies that governments pursued and that it was largely responsible for creating the unstable economic environment on which those policies acted. This work shows how the gold standard of the s set the stage for the Depression by heightening the fragility of the international financial system. The gold standard was the mechanism transmitting destabilizing impulses from the United States to the rest of the world.
It was the constraint preventing policy-makers from averting the failure of banks and containing the spread of financial panic. Through this work, Professor Eichengreen demonstrates how national histories can be knit together into a coherent analysis of the international crisis. He shows that the Depression did not automatically start with the stock market crash inand can only be understood as a stage in a sequence of events and as a political as well as an economic phenomenon.
The book also provides a valuable perspective on the economic policies of the post-World War II period and their consequences. Eichegreen Review – Flag as inappropriate Is there a better book about the gold standard?
Selected pages Title Page. The Legacy of Hyperinflation.
The Interwar Gold Standard in Operation. Cracks in the Facade. The Dollar and the World Economic Conference.
Goldeh the Tripartite Agreement. Other editions – View all Golden Fetters: References to this book Globalization and History: The Evolution of a Nineteenth-century Atlantic Williamson Limited preview – Reconstructing Europe’s Trade and Payments: Eichengreen No preview available – He has written a number of books on international monetary issues and economic history, including Elusive Stability: Essays in the History of International Finance