Golden Fetters. The Gold Standard and the Great Depression, Barry Eichengreen. NBER Series on Long-term Factors in Economic. Eichengreen, Barry J. Golden fetters: the gold standard and the Great. Depression, – /. Barry Eichengreen. p. cm. (NBER series on long‐term factors in. Barry Julian Eichengreen (born ) is an American economist who holds the title of George His best known work is the book Golden Fetters: The Gold Standard and the Great Depression, –, Oxford University Press,

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Golden Fetters: The Gold Standard and the Great Depression, 1919-1939

Primarily because the credibility and cooperation that was required for the gold standard to work was not present after World War I, he argues. The book also provides a valuable perspective on the economic policies of the post-World War II period and their consequences. Get to Know Us. He was a senior policy advisor to the International Monetary Fund in andalthough he has since been critical of the IMF.

Reconstructing Europe’s Trade and Payments: Account Options Sign in. The Interwar Gold Standard in Operation. Amazon Restaurants Food delivery from local restaurants.

Kindle Edition Verified Purchase. It explores the connections between the gold standard–the framework regulating international monetary affairs until and the Great Depression that broke out in A real pleasure to read, the work of a master economic historian. Sterilization of gold inflows by surplus countries [the USA and France], substitution of gold for foreign exchange reservesand runs on commercial banks all led to increases in the gold backing of money, and consequently to sharp unintended declines in national money supplies.


Golden Fetters – Paperback – Barry Eichengreen – Oxford University Press

Cornering the Market Susan V. Showing of 12 reviews. Subscriber Login Email Address. Please try again later. Amazon Rapids Fun stories for kids on the go.

Williamson Limited preview – Academic Skip to main content. First, it is superbly written and achieves its objective of being accessible to the general reader. Fighting Chance Faye E. Eichengreen has brought it back to the center of the story, which is where it belongs. There’s a problem loading this menu right now. The dual bases for the prewar system were the credibility of the official commitment to gold and international cooperation: Eichengreen has done nearly the impossible.

In the summer ofas the US Federal Reserve raised interest rates to dampen speculation in the red hot stock market, the European economies were threatened as their limited gold reserves began to flow across the Atlantic in search of higher returns Note: Is there a better book about the gold standard?

If anyone is interested in the gold standard, them this is a great book that explains the history and how it worked. The gold standard was the mechanism transmitting destabilizing impulses from the United States to the rest of the world. Product details Product Dimensions: Graciously written, impressively researched, organized Publications Pages Publications Pages.


Classical, Early, and Medieval Prose and Writers: ComiXology Thousands of Digital Comics. That said, depreciation was a necessary but not in-and-of-itself sufficient to promote broad scale macroeconomic recovery. Anyone who advocates a return to the gold standard should revisit the flawed premises that underpinned the gold standard before WWI and how those flawed premises were exposed by war and the Great Depression.

Share your thoughts with other customers. See all 12 reviews. The goal is to show how the policies pursued, in conjunction with economic imbalances created by World War I, gave rise to the catastrophe that was the Great Depression.

Withoutabox Submit to Film Festivals. This work shows how the gold standard of the s set the stage for the Depression by heightening the fragility of the international financial system. One person found this helpful. Essays in the History of Eichfngreen Finance Classical, Early, and Medieval World History: Hall of Mirrors Barry Eichengreen. Toward the Tripartite Agreement. Please help by adding reliable sources.

Pardee and Helen N. Even those who are not sympathetic to the arguments and conclusions of this book will agree that it is destined to be an important work for all future students of the gold standard.