Between the Dollar-Sterling Gold Points : Exchange Rates, Parity and Market Behavior
Book Details
Format
Hardback or Cased Book
Book Series
Studies in Macroeconomic History
ISBN-10
052145462X
ISBN-13
9780521454629
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 30th, 1996
Print length
364 Pages
Weight
66 grams
Product Classification:
Monetary economics
Ksh 8,100.00
Re-Printing
Delivery Location
Delivery fee: Select location
Secure
Quality
Fast
This book investigates US-UK monetary relations, 1791 to 1931.
Officer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of the American foreign-exchange market over time. Second, it is proved that gold-point arbitrage is markedly more efficient than either interest arbitrage or forward speculation. Third, regime efficiency is explored from standpoints of both private agents and policy-makers; the 1925–1931 gold standard, though less durable than the pre-war standard, is nevertheless shown to be surprisingly stable. The book will serve as a Dollar-Sterling handbook for those interested in this important aspect of international monetary history.
Get Between the Dollar-Sterling Gold Points by at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Cambridge University Press and it has pages.
