영문목차
List of figures=ix
List of tables=xii
Notes on the contributors=xiv
I. Introduction=3
1. Modern perspectives on the gold standard: introduction/Tamim Bayoumi;Barry Eichengreen;Mark P. Taylor=3
2. Unit roots, shocks and VARs and their place in history: an introductory guide/Terence C. Mills=17
II. Operation of the gold standard=55
3. The gold standard as a commitment mechanism/Michael D. Bordo;Finn E. Kydland=55
4. Market efficiency and regime efficiency under the 1925-1931 dollar/sterling gold standard/Lawrence H. Officer=101
5. Credibility and fundamentals: were the Classical and interwar gold standards well-behaved target zones?/C. Paul Hallwood;Ronald MacDonald;Ian W. Marsh=129
III. Adjustment mechanisms=165
6. The stability of the gold standard and the evolution of the international monetary fund system/Tamim Bayoumi;Barry Eichengreen=165
7. International adjustments under the Classical gold standard: evidence for the United States and Britain, 1879-1914/Charles W. Calomiris;R. Glenn Hubbard=189
8. Balance of payments adjustment under the gold standard policies: Canada and Australia compared/Trevor J.O. Dick;John E. Floyd;David Pope=218
IV. Monetary issues=261
9. Money demand and supply under the gold standard: the United Kingdom, 1870-1914/Forrest H. Capie;Geoffrey E. Wood=261
10. Stability and forward-looking behavior: the demand for broad money in the United Kingdom, 1871-1913/Mark P. Taylor;Geoffrey E. Wood=284
V. Exchange rate behavior=309
11. The dollar/pound real exchange rate and fiscal policy during the gold standard period/Graciela L. Kaminsky;Michael Klein=309
12. Exchange rate dynamics and monetary reforms: theory and evidence from Britain's return to gold/Panos Michael;A. Robert Nobay;David A. Peel=341
VI. Conclusions=365
13. Deacutejagrave vu all over again: lessons from the gold standard for European monetary unification/Barry Eichengreen=365
Index=388