Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26316
Authors: 
Wolf, Nikolaus
Year of Publication: 
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

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