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Seasonal Movements of Exchange Rates and Interest Rates Under the Pre-World War I Gold Standard
Hardcover
Series: Routledge Library Editions: Exchange Rate Economics
ISBN13: 9781138743908
Publisher: Routledge
Published: Apr 13 2017
Pages: 242
Weight: 1.05
Height: 0.70 Width: 6.20 Depth: 9.40
Language: English
Originally published in 1994. This work investigates seasonal fluctuations of US and British short term nominal interest rates, the dollar-sterling exchange rate and short term interest rate differentials between the US and Britain during the period 1883-1913. It finds that during the pre-World War Gold Standard seasonal movements in exchange rates did not tend to offset the seasonal fluctuations in interest rate differentials. It presents a model to explain the fluctuations and outlines two specific empirical investigations, considering the results in the light of more recent historical periods as well.
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Seasonal Movements of Exchange Rates and Interest Rates Under the Pre-World War I Gold Standard
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