Exchange Rates under the East Asian Dollar Standard Living with Conflicted Virtue

Exchange Rates under the East Asian Dollar Standard Living with Conflicted Virtue | 3.42 MB

Title: Exchange Rates under the East Asian Dollar Standard Living with Conflicted Virtue
Author: Ellen Foster
Category: Business & Finance, Economics, Economic History
Language: English | 292 Pages | ISBN: 9781351717052

Description:
Originally published in 1994. This work investigates seasonal fluctuations of US and British short term nominal interest rates, the dollar-sterling exchange rate and short term interest rate differentials between the US and Britain during the period 1883-1913. It finds that during the pre-World War Gold Standard seasonal movements in exchange rates did not tend to offset the seasonal fluctuations in interest rate differentials. It presents a model to explain the fluctuations and outlines two specific empirical investigations, considering the results in the light of more recent historical periods as well.

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