Gold Standard
Balance sheet policy matters for credibility – Norges Bank paper
Researcher argues a central bank’s financial strength may affect its ability to meet its monetary policy mandate, based on evidence from the UK’s gold standard period
Book notes: The Dollar Trap, by Eswar S Prasad
A lively and compelling analysis on currency wars in the wake of the financial crisis – and the likely persistence of the US dollar as the world’s pre-eminent currency
Currency peg speculation can 'damage' balance sheets
Researchers find that questions over the credibility of a currency peg can have ‘damaging effects’ on bank balance sheets – consistent with monetary mismatch theory
‘Striking similarities' between eurozone and the pre-1914 gold standard
Both monetary arrangements provide underdeveloped peripheral countries with easy access to capital from the core countries, triggering asset price booms via the banking system in peripheral countries
Book notes: The Money Trap
Robert Pringle’s new book is driven by a sense of missionary zeal
The end of a monetary phenomenon
A gold-backed currency is the only viable alternative to failing fiat money, argues Kevin Dowd.
In gold we trust
Judy Shelton makes the case for the US government to issue bullion-backed bonds.
Fed’s Hoenig labels gold standard “very legitimate” monetary system: reports
Kansas City Fed president quoted as stressing price stability benefits, but notes return to gold would not prevent high unemployment or bank failures
Using gold to restore currency stability
Gold has many advantages as a benchmark of market expectations, Robert Pringle argues.
Why monetary base control can offer stability
There is a way of replicating the big achievements of the gold standard without going back to gold, argue Brendan Brown and Robert Pringle.
Why monetary base control can offer stability
There is a way of replicating the big achievements of the gold standard without going back to gold, argue Brendan Brown and Robert Pringle.
Gold could play solid stability role
World Gold Council's George Milling-Stanley pushes for Basel III and SDR to be gold plated
Floating rates worth weight in gold for Germany
German society was better off under the floating exchange-rate regime than during the pre-first world war classical gold standard period, finds a paper by Michael Bordo and Bernhard Eschweiler for the National Bureau of Economic Research.
Gold standard and price-level targeting
A new paper from the Bank of Canada compares the gold standard and with price-level targeting regime.
Roth on seventy years after the gold standard
In the speech 'Seventy years after - the final collapse of the gold standard in September 1936' given on 15 December Jean-Pierre Roth of the Swiss National Bank said the Swiss like to remember that their currency has only been devalued once since its…
Historical Model Describes 1900s Gold Standard
RESEARCH - An article in the latest edition of Economic Perspectives, from the Chicago Fed, looks at how the United States adopted the gold standard in the late nineteenth century, pegging the dollar to the British pound sterling and other currencies.
Is the crisis problem growing more severe?
ARTICLE - In the latest issue of journal Economic Policy, economist Barry Eichengreen et al ask whether financial crises are becoming more frequent and more disruptive. Looking back over 120 years of financial history, the authors find that there is …
Bank of Japan can learn from Sweden on inflation
In a letter to the editor in Financial Times today, Professor Lars Jonung argues that the Bank of Japan can learn from the Riksbank in adopting a zero inflation target.