The Stability of the Interwar Gold Exchange Standard: Did Politics Matter?

@article{Wandschneider2008TheSO,
  title={The Stability of the Interwar Gold Exchange Standard: Did Politics Matter?},
  author={Kirsten Wandschneider},
  journal={The Journal of Economic History},
  year={2008},
  volume={68},
  pages={151 - 181}
}
  • K. Wandschneider
  • Published 1 March 2008
  • Economics, History
  • The Journal of Economic History
Economic historians have devoted enormous attention to the collapse of the interwar gold standard. This article proposes a discrete time duration model (using a panel data set of 24 countries for 1928–1936) to analyze how economic and political indicators affected a country's term on the gold standard. High per capita income, international creditor status, and prior hyperinflation increased the probability of continuation. In contrast, democratic regimes left early. Unemployment, sterling group… 
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