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Books > Business & Economics > Economics > Macroeconomics > Monetary economics

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Between the Dollar-Sterling Gold Points - Exchange Rates, Parity and Market Behavior (Hardcover) Loot Price: R1,336
Discovery Miles 13 360
Between the Dollar-Sterling Gold Points - Exchange Rates, Parity and Market Behavior (Hardcover): Officer Lawrence H. Officer

Between the Dollar-Sterling Gold Points - Exchange Rates, Parity and Market Behavior (Hardcover)

Officer Lawrence H. Officer

Series: Studies in Macroeconomic History

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Loot Price R1,336 Discovery Miles 13 360 | Repayment Terms: R125 pm x 12*

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Professor 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 should serve as a dollar-sterling handbook for those interested in this important aspect of international monetary history.

General

Imprint: Cambridge UniversityPress
Series: Studies in Macroeconomic History
Release date: May 1996
Authors: Officer Lawrence H. Officer
Dimensions: 235 x 158mm (L x W)
Format: Hardcover
Pages: 364
ISBN-13: 978-0-521-45462-9
Categories: Books > Business & Economics > Economics > Macroeconomics > Monetary economics
LSN: 0-521-45462-X
Barcode: 9780521454629

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