The U.S. Specie Standard, 1792-1932: Some Monetarist Arithmetic
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Gherity, James A, 1993. "Interest-Bearing Currency: Evidence from the Civil War Experience: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(1), pages 125-131, February.
- Solomos Solomou & Martin Weale, 1996.
"UK national income, 1920-1938: the implications of balanced estimates,"
Economic History Review, Economic History Society, vol. 49(1), pages 101-115, February.
- Solomou, S. & Weale, M., 1992. "UK National Income 1920-1938: The Implications of Balanced Estimates," Cambridge Working Papers in Economics 9221, Faculty of Economics, University of Cambridge.
- Weymark, Diana N., 1995. "Estimating exchange market pressure and the degree of exchange market intervention for Canada," Journal of International Economics, Elsevier, vol. 39(3-4), pages 273-295, November.
- Orris C. Herfindahl, 1966. "Development of the Major Metal Mining Industries in the United States from 1839 to 1909," NBER Chapters, in: Output, Employment, and Productivity in the United States after 1800, pages 293-348, National Bureau of Economic Research, Inc.
- Susanto Basu & Alan M. Taylor, 1999.
"Business Cycles in International Historical Perspective,"
Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 45-68, Spring.
- Susanto Basu & Alan M. Taylor, 1999. "Business Cycles in International Historical Perspective," NBER Working Papers 7090, National Bureau of Economic Research, Inc.
- Romer, Christina D, 1989.
"The Prewar Business Cycle Reconsidered: New Estimates of Gross National Product, 1869-1908,"
Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 1-37, February.
- Christina D. Romer, 1986. "The Prewar Business Cycle Reconsidered: New Estimates of Gross NationalProduct, 1869-1918," NBER Working Papers 1969, National Bureau of Economic Research, Inc.
- Elise S. Brezis, 1995. "Foreign capital flows in the century of Britain's industrial revolution: new estimates, controlled conjectures," Economic History Review, Economic History Society, vol. 48(1), pages 46-67, February.
- Highfield, Richard A. & O'Hara, Maureen & Smith, Bruce, 1996.
"Do open market operations matter? Theory and evidence from the Second Bank of the United States,"
Journal of Economic Dynamics and Control, Elsevier, vol. 20(1-3), pages 479-519.
- Highfield, R.A. & O,Hara, M. & Smith, B., 1992. "Do Open Market Operations Matter? Theory and Evidence from the Second Bank of the Unites States," RCER Working Papers 325, University of Rochester - Center for Economic Research (RCER).
- Weymark, Diana N, 1998. "A General Approach to Measuring Exchange Market Pressure," Oxford Economic Papers, Oxford University Press, vol. 50(1), pages 106-121, January.
- Solomou, Solomos & Weale, Martin, 1991. "Balanced estimates of UK GDP 1870-1913," Explorations in Economic History, Elsevier, vol. 28(1), pages 54-63, January.
- Bordo Michael D. & Kydland Finn E., 1995. "The Gold Standard As a Rule: An Essay in Exploration," Explorations in Economic History, Elsevier, vol. 32(4), pages 423-464, October.
- Shetler, Douglas, 1973. "Monetary Aggregates Prior to the Civil War: A Closer Look: Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(4), pages 1000-1006, November.
- Woodward, G Thomas, 1995. "Interest-Bearing Currency: Evidence from the Civil War Experience: A Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(3), pages 927-937, August.
- Bordo, Michael D. & Rockoff, Hugh, 1996.
"The Gold Standard as a “Good Housekeeping Seal of Approval”,"
The Journal of Economic History, Cambridge University Press, vol. 56(2), pages 389-428, June.
- Michael D. Bordo, 1995. "The Gold Standard as a `Good Housekeeping Seal of Approval'," NBER Working Papers 5340, National Bureau of Economic Research, Inc.
- Hugh Rockoff & Michael D. Bordo, 1996. "The Gold Standard as a "Good Housekeeping Seal of Approval"," Departmental Working Papers 199528, Rutgers University, Department of Economics.
- Balke, Nathan S & Gordon, Robert J, 1989. "The Estimation of Prewar Gross National Product: Methodology and New Evidence," Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 38-92, February.
- Bordo, Michael David, 1975. "The Income Effects of the," Economic Inquiry, Western Economic Association International, vol. 13(4), pages 505-525, December.
- Douglass North, 1960. "The United States Balance of Payments, 1790-1860," NBER Chapters, in: Trends in the American Economy in the Nineteenth Century, pages 573-628, National Bureau of Economic Research, Inc.
- Martin, David A., 1973. "1853: The End of Bimetallism in the United States," The Journal of Economic History, Cambridge University Press, vol. 33(4), pages 825-844, December.
- Weymark, Diana N, 1997. "Measuring the degree of exchange market intervention in a small open economy," Journal of International Money and Finance, Elsevier, vol. 16(1), pages 55-79, February.
- Thomas J. Weiss, 1992. "U. S. Labor Force Estimates and Economic Growth, 1800-1860," NBER Chapters, in: American Economic Growth and Standards of Living before the Civil War, pages 19-78, National Bureau of Economic Research, Inc.
- Donald S. Kemp, 1976. "U.S. international trade and financial developments in 1976," Review, Federal Reserve Bank of St. Louis, vol. 58(Dec), pages 8-14.
- Donald S. Kemp, 1975. "Balance-of-payments concepts - what do they really mean?," Review, Federal Reserve Bank of St. Louis, vol. 57(Jul), pages 14-23.
- Hammond, Bray, 1947. "Jackson, Biddle, and the Bank of the United States," The Journal of Economic History, Cambridge University Press, vol. 7(1), pages 1-23, May.
- Engerman, Stanley L, 1970. "A Note on the Economic Consequences of the Second Bank of the United States," Journal of Political Economy, University of Chicago Press, vol. 78(4), pages 725-728, Part I, J.
- Donald S. Kemp, 1975. "A monetary view of the balance of payments," Review, Federal Reserve Bank of St. Louis, vol. 57(Apr), pages 14-22.
- Stevens, Edward J, 1971. "Composition of the Money Stock Prior to the Civil War," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 3(1), pages 84-101, February.
- Weymark, Diana N, 1997. "Measuring Exchange Market Pressure and Intervention in Interdependent Economies: A Two-Country Model," Review of International Economics, Wiley Blackwell, vol. 5(1), pages 72-82, February.
- Bordo, Michael D. & Schwartz, Anna J., 1999.
"Monetary policy regimes and economic performance: The historical record,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 3, pages 149-234,
Elsevier.
- Michael D. Bordo & Anna J. Schwartz, 1997. "Monetary Policy Regimes and Economic Performance: The Historical Record," NBER Working Papers 6201, National Bureau of Economic Research, Inc.
- Laurent, Robert D, 1974. "Currency in Circulation and the Real Value of Notes," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(2), pages 213-226, May.
- Martin, David A., 1976. "U. S. gold production prior to the California gold rush," Explorations in Economic History, Elsevier, vol. 13(4), pages 437-449, November.
- Joines, Douglas H., 1985. "Deficits and money growth in the United States 1872-1983," Journal of Monetary Economics, Elsevier, vol. 16(3), pages 329-351, November.
- Garber, Peter M., 1986. "Interwar movements of dollars to Europe and the US currency supply," Journal of International Money and Finance, Elsevier, vol. 5(1, Supple), pages 135-156, March.
- Matthew Simon, 1960. "The United States Balance of Payments, 1861-1900," NBER Chapters, in: Trends in the American Economy in the Nineteenth Century, pages 629, National Bureau of Economic Research, Inc.
- Fenstermaker, J Van & Filer, John E, 1986. "Impact of the First and Second Banks of the United States and the Suffolk System on New England Bank Money: 1791-1837," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(1), pages 28-40, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ogren, Anders, 2006. "Free or central banking? Liquidity and financial deepening in Sweden, 1834-1913," Explorations in Economic History, Elsevier, vol. 43(1), pages 64-93, January.
- Craighead, William D. & Tien, Pao-Lin, 2015.
"Nominal shocks and real exchange rates: Evidence from two centuries,"
Journal of International Money and Finance, Elsevier, vol. 56(C), pages 135-157.
- William D. Craighead & Pao-Lin Tien, 2013. "Nominal Shocks and Real Exchange Rates: Evidence from Two Centuries," Wesleyan Economics Working Papers 2013-002, Wesleyan University, Department of Economics.
- Shambaugh, Jay C., 2006. "An experiment with multiple currencies: the American monetary system from 1838-60," Explorations in Economic History, Elsevier, vol. 43(4), pages 609-645, October.
- Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Shabbir Ahmad & Abul Shamsuddin & Malcolm Treadgold, 2012. "A monetary analysis of foreign exchange market disequilibrium in Fiji," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 5(1), pages 66-81.
- Olivier Darné & Amélie Charles & Claude Diebolt, 2014.
"A revision of the US business-cycles chronology 1790-1928,"
Economics Bulletin, AccessEcon, vol. 34(1), pages 234-244.
- Charles Amélie & Darné Olivier & Claude Diebolt, 2011. "A Revision of the US Business-Cycles Chronology 1790–1928," Working Papers 11-01, Association Française de Cliométrie (AFC).
- Amélie Charles & Olivier Darné & Claude Diebolt, 2014. "A revision of the US business-cycles chronology 1790-1928," Post-Print hal-01122519, HAL.
- Stavarek Daniel, 2008.
"Exchange Market Pressure in Central European Countries from the Eurozone Membership Perspective,"
South East European Journal of Economics and Business, Sciendo, vol. 3(2), pages 7-18, November.
- Stavarek, Daniel, 2008. "Exchange Market Pressure in Central European Countries from the Eurozone Membership Perspective," MPRA Paper 12079, University Library of Munich, Germany.
- Stavarek, Daniel, 2007. "Comparative analysis of the exchange market pressure in Central European countries with the Eurozone membership perspective," MPRA Paper 3906, University Library of Munich, Germany.
- Stavarek, Daniel, 2006. "Estimation of the Exchange Market Pressure in the EU4 Countries: A Model-Dependent Approach," MPRA Paper 7256, University Library of Munich, Germany.
- Matthias Morys, 2016. "Financial supervision to fight fiscal dominance? The gold standard in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Discussion Papers 16/05, Department of Economics, University of York.
- Aiolfi, Marco & Catão, Luis A.V. & Timmermann, Allan, 2011.
"Common factors in Latin America's business cycles,"
Journal of Development Economics, Elsevier, vol. 95(2), pages 212-228, July.
- Mr. Allan Timmermann & Mr. Luis Catão & Mr. Marco Aiolfi, 2006. "Common Factors in Latin America's Business Cycles," IMF Working Papers 2006/049, International Monetary Fund.
- Timmermann, Allan & Aiolfi, Marco & Catão, LuÃs, 2010. "Common Factors in Latin America?s Business Cycles," CEPR Discussion Papers 7671, C.E.P.R. Discussion Papers.
- Michael D. Bordo & Marc Flandreau, 2003.
"Core, Periphery, Exchange Rate Regimes, and Globalization,"
NBER Chapters, in: Globalization in Historical Perspective, pages 417-472,
National Bureau of Economic Research, Inc.
- Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," NBER Working Papers 8584, National Bureau of Economic Research, Inc.
- Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," Working Papers hal-01065012, HAL.
- Bordo, Michael & Flandreau, Marc, 2001. "Core, Periphery, Exchange Rate Regimes and Globalization," CEPR Discussion Papers 3077, C.E.P.R. Discussion Papers.
- Maurice Obstfeld & Alan M. Taylor, 2003.
"Globalization and Capital Markets,"
NBER Chapters, in: Globalization in Historical Perspective, pages 121-188,
National Bureau of Economic Research, Inc.
- Maurice Obstfeld & Alan M. Taylor, 2002. "Globalization and Capital Markets," NBER Working Papers 8846, National Bureau of Economic Research, Inc.
- Maurice Obstfeld & Alan M. Taylor, 2003.
"Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31,"
Economic Journal, Royal Economic Society, vol. 113(487), pages 241-275, April.
- Maurice Obstfeld & Alan M. Taylor, 2002. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," NBER Working Papers 9345, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice & Taylor, Alan M., 2003. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," Center for International and Development Economics Research, Working Paper Series qt6f15n0h0, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice & Taylor, Alan M., 2003. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," Department of Economics, Working Paper Series qt6f15n0h0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice & Taylor, Alan M., 2003. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," CEPR Discussion Papers 3688, C.E.P.R. Discussion Papers.
- Maurice Obstfeld & Alan M. Taylor & ), 2003. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," International Trade 0303001, University Library of Munich, Germany.
- Matthias Morys, 2015.
"Any lessons for today? Exchange-rate stabilisation in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939,"
Centre for Historical Economics and Related Research at York (CHERRY) Discussion Papers
15/01, CHERRY, c/o Department of Economics, University of York.
- Matthias Morys, 2016. "Any lessons for today? Exchange-rate stabilisation in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Working Papers 16017, Economic History Society.
- Matthias Morys, 2015. "Any lessons for today? Exchange-rate stabilisation in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Working Papers 0084, European Historical Economics Society (EHES).
- Roldan Alba, 2022. "The Golden Fetters in the Mediterranean Periphery. How Spain and Italy Overcame Business Cycles Between 1870 and 1913?," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 16(1), pages 170-193, January.
- Shakila Jeisman, 2004. "Exchange Market Pressure in Australia," School of Economics and Finance Discussion Papers and Working Papers Series 183, School of Economics and Finance, Queensland University of Technology.
- Stephen N. Broadberry & Douglas A. Irwin, 2004. "Labor Productivity in Britain and America During the Nineteenth Century," NBER Working Papers 10364, National Bureau of Economic Research, Inc.
- WenShwo Fang & Stephen M. Miller, 2014.
"Output Growth and its Volatility: The Gold Standard through the Great Moderation,"
Southern Economic Journal, John Wiley & Sons, vol. 80(3), pages 728-751, January.
- WenShwo Fang & Stephen M. Miller, 2012. "Output Growth and Its Volatility: The Gold Standard through the Great Moderation," Working Papers 1205, University of Nevada, Las Vegas , Department of Economics.
- WenShwo Fang & Stephen M. Miller, 2012. "Output Growth and Its Volatility: The Gold Standard through the Great Moderation," Working papers 2012-11, University of Connecticut, Department of Economics.
- Ifedolapo Olabisi Olanipekun & Hasan Güngör & Godwin Olasehinde-Williams, 2019. "Unraveling the Causal Relationship Between Economic Policy Uncertainty and Exchange Market Pressure in BRIC Countries: Evidence From Bootstrap Panel Granger Causality," SAGE Open, , vol. 9(2), pages 21582440198, June.
- Bordo, Michael D., 2008.
"Growing up to Financial Stability,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-17.
- Michael D. Bordo, 2007. "Growing Up to Financial Stability," NBER Working Papers 12993, National Bureau of Economic Research, Inc.
- Bordo, Michael D., 2007. "Growing up to Financial Stability," Economics Discussion Papers 2007-33, Kiel Institute for the World Economy (IfW Kiel).
- Michael D. Bordo, 2008. "Growing up to Financial Stability," Working Papers 85, Bank of Greece.
- Emanuel-Werner Kohlscheen, 2000. "Estimating Exchange Market Pressure and Intervention Activity," Working Papers Series 9, Central Bank of Brazil, Research Department.
- U. Michael Bergman & Michael D. Bordo & Lars Jonung, 1998.
"Historical evidence on business cycles: the international experience,"
Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 42(Jun), pages 65-119.
- Bergman, U. Michael & Bordo, Michael D. & Jonung, Lars, 1998. "Historical Evidence on Business Cycles: The International Experience," SSE/EFI Working Paper Series in Economics and Finance 255, Stockholm School of Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:exehis:v:39:y:2002:i:2:p:113-153. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622830 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.