The Gold Standard and the Great Depression Barry Eichengreen, Peter Temin. A country on the gold standard cannot increase the amount of money in circulation without also increasing its gold reserves. Barry Eichengreen, PhD Biography Title: George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California at Berkeley Position: Con to the question "Should the United States Return to a Gold Standard?" The Gold-Exchange Standard and the Great Depression Barry Eichengreen. This diagnosis was confirmed in 2011 when external shocks caused the Gold Standard In Theory & History [Flandreau, Marc, Eichengreen, Barry] on Amazon.com. We do not focus on the effects of the gold standard on the Depression, which we and others have documented elsewhere, but on the reasons why policy makers chose the policies they did. It was opposed and finally defeated by mass politics, but only after the interaction of national policies had drawn the world into the Great Depression. in economics, an M.A.

in history, and a Ph.D. in economics from Yale University in New Haven, Connecticut. He received his ... [T]he proximate cause of the world depression was a structurally flawed and poorly managed international The main evidence Eichengreen adduces in support of this view is the fact that countries that abandoned the gold standard earlier saw their economies recover more quickly. NBER Working Paper No. National Bureau of Economic Research, 1050 Massachusetts Ave., This paper, written primarily for historians, attempts to explain why political leaders and central bankers continued to adhere to the gold standard as the Great Depression intensified.

In 1997, he served as a fellow of the A Because the global gold supply grows only slowly, being on the gold standard would theoretically hold government overspending and inflation in check. Cambridge, MA 02138; the two main elements in the success of the pre-war gold standard: credibility of central bank policy, and international cooperation between gold bloc countries (Eichengreen, 1992). A more sensible solution would have been for all European nations, including Britain, to return to gold at a redefined rate that recognized the increased supply of money and price levels following the war. Eichengreen has done research and published widely on the history and current operation of the international monetary and financial system. The gold standard and the Great Depression might appear to be two very different topics requiring two entirely separate books, and the attempt to combine them here reflects Barry Eichengreen's conviction that the gold standard is the key to understanding the Depression.

... We do not focus on the effects of the gold standard on the Depression, which have been documented elsewhere, but on the reasons why policy makers chose the policies they did. It’s a monetary system that directly links a currency’s value to that of gold. The Gold Standard and the Great Depression - Volume 9 Issue 2 - Barry Eichengreen, Peter Temin. in economics, an M.Phil. We argue that the mentality of the gold standard was pervasive and compelling to the leaders of the interwar economy. It was expressed and reinforced by the discourse among these leaders. 2198 Issued in March 1987 NBER Program(s):International Trade and Investment, International Finance and Macroeconomics A number of explanations for the severity of the Great Depression focus on the malfunctioning of the international monetary system. Gold Standard In Theory & History 6060 Issued in June 1997 NBER Program(s):Development of the American Economy, Monetary Economics This paper, written primarily for historians, attempts to explain why political leaders and central bankers continued to adhere to the gold standard as the Great Depression intensified. Governments’ commitment to the gold standard was seen as absolute, and as such

He received his A.B. *FREE* shipping on qualifying offers.

Eichengreen blames the gold standard, but the real fault lies in Britain’s nationalistic zeal to return to gold at an artificially high rate. from UC Santa Cruz in 1974. an M.A.

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