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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26316
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| Title: | | Scylla and Charybdis: explaining Europe's exit from gold, January 1928 - December 1936  |
| Authors: | | Wolf, Nikolaus |
| Issue Date: | | 2008 |
| Series/Report no.: | | CESifo working paper 2271 |
| Abstract: | | 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. |
| Subjects: | | gold-exchange standard interwar period Europe |
| JEL: | | E42 E44 N14 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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