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Afterword to Part VI

In: Essays in Economic History

Author

Listed:
  • Lawrence H. Officer

    (University of Illinois at Chicago)

Abstract

The work of the present author on bullionist episodes is compared to that of subsequent scholars. The data series underling dollar-sterling exchange-market history—par value, exchange rate, and gold points—are discussed and relevant summary statistics listed for subperiods of the full time span. Background analysis of exchange-market integration, market efficiency, and regime efficiency is presented. Criticisms of the author’s dollar-sterling work are acknowledged. Regarding the U.S. specie standard, later literature concentrates on the issue of whether the Second Bank of the United States was a central bank. Some scholars agree with the present-author’s affirmative conclusion; but one researcher argues strongly that Second Bank money should not be considered high-powered. Her critique is not neglected here.

Suggested Citation

  • Lawrence H. Officer, 2022. "Afterword to Part VI," Springer Books, in: Essays in Economic History, chapter 0, pages 461-475, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-95925-8_23
    DOI: 10.1007/978-3-030-95925-8_23
    as

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