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Seasonal Movements of Exchange Rates and Interest Rates Under the Pre-World War I Gold Standard

by Ellen Foster
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Current price ₹10,376.00
Original price ₹15,963.00
Original price ₹15,963.00
Original price ₹15,963.00
(-35%)
₹10,376.00
Current price ₹10,376.00

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Book cover type: Hardcover
  • ISBN13: 9781138743908
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Taylor & Francis
  • Publisher Imprint: Routledge
  • Publication Date:
  • Pages: 242
  • Original Price: GBP 125.0
  • Language: English
  • Edition: N/A
  • Item Weight: 484 grams
  • BISAC Subject(s): Economic History

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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