What people are saying - Write a review
We haven't found any reviews in the usual places.
The Bimetallic System in the Nineteenth Century
A Dynamic Model of the Bimetallic System
An Empirical Investigation l2 V Conclusion
4 other sections not shown
Other editions - View all
0.l2 percent adjusting relative circulation arbitrage band bimetallic arbitrage bimetallic countries bimetallic mint ratio bimetallic money supply bimetallic ratio bimetallic system bullion market central bank Chart circulation of gold coins are coined collapsing gold standard Currency Bands Decreases in fundamentals different mint ratios effective monometallic standards empirical Equation Exchange Rate Targets exchange-rate face value Fisher's arbitrage mechanism Fisher's mechanism fix the market Flood and Garber forward bills France French mint ratio gold and silver gold area gold coins gold-silver points Gresham's Gresham's Law guilder initial rush interest rate interest-rate differential jump Krugman l99l lower mint ratio mechanism was inoperative monetary system nineteenth century random walk regulating barrier rush of arbitrage seen as regime seigniorage silver area silver coins silver standard spot and forward stability band stabilize the market stabilizing effect Stochastic Process supplies of gold target-zone effects target-zone model token coins traditional target-zone upper mint ratio zone effects