Resource title

Scylla and Charybdis: explaining Europe's exit from gold, January 1928 - December 1936

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Resource description

The paper examines the timing of exit from the interwar gold-exchange standard for a panel of European countries, based on monthly data over the period January 1928 - December 1936. I show that exit from gold can be understood in terms of a trade-off between a limited set of factors commonly suggested in the theoretical literature on currency crises. A simple and parsimonious econometric framework that nests various hypotheses allows me to predict the month of exit in the 1930s, except for France. I consider the separate cases of France and Poland to show my results shed light on country-specific debates.

Resource author

Nikolaus Wolf

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Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26316

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Adapt according to the presented license agreement and reference the original author.