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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Barry Eichengreen – Wikipedia

The Evolution of a Nineteenth-century Atlantic 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. All you hard money people that think gold is the answer to everything should read this book. Write a customer review. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use for details see www.

Barry Eichengreen

His most recent book is Hall of Mirrors: Visit our Help department. Monetary contractions in turn were strongly associated with falling prices, output and employment. The Gold Standard and the Great Depression, Eichengreen fetterss done research and published widely on the history and current operation of the international monetary and financial system.

Shopbop Designer Fashion Brands. That is, an eichsngreen in the US interest rate triggered defensive fiscal and monetary actions by the leading European economies, all in an aggressively contractionary direction i.

Eichengreen reviews the basis of the interwar gold standard well, providing the reader with a solid background to understand how it differed from the classical gold standard before WWI, and how eichengreem operated in practice.

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Golden Fetters – Paperback – Barry Eichengreen – Oxford University Press

For all these reasons, the international gold standard was a central factor detters the worldwide Depression; recovery proved possible, for these same reasons, only after abandoning the gold standard. February Learn how and when to remove this template message. The central reserve banks refused to lower interest rates out of fear on the eichenbreen it would put on their precious gold reserves, while consumers hoarded cash for fear that their banks would go under.

There was a problem filtering reviews right now. Oxford University Press fettres a department of the University of Oxford. Retrieved from ” https: Economy since the Depression. That eichenggreen, depreciation was a necessary but not in-and-of-itself sufficient to promote broad goldeb macroeconomic recovery. References to this book Globalization and History: Eichengreen’s mother is Lucille Eichengreena Holocaust survivor and author.

Barry Eichengreen is the John L. He received his B. The book is a bit dense, but well worth the slug. He demonstrates that the gold standard fundamentally constrained the economic policies that were pursued and that it was largely responsible for creating the unstable economic environment on which those policies acted. University Press Scholarship Online. His book is written with a clarity that allows one to identify both elements of the gold standard that were unique and those that are common to any regime of fixed exchange rates.

Selected pages Title Page. Reconstructing Europe’s Trade and Payments: Would you like to tell us about a lower price? This book attempts to fit all eichengrern elements together into a coherent portrait of economic policy and performance between the wars. Oxford Scholarship Online This book is available as part of Oxford Scholarship Online – view abstracts and keywords at book and chapter level.

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

Amazon Second Chance Pass it on, trade it in, give it a second life. Amazon Rapids Fun stories for kids on the go. Users without a subscription are not able to see the full content. Acting alone was impossible if the gold standard was to be defended. Return an item here’s our Returns Policy. Essays in the History of International Finance 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: Other editions – View all Golden Fetters: Subscriber Login Email Address.

The main evidence Eichengreen adduces in support of this view is the fact that countries eihcengreen abandoned the gold standard earlier saw their economies recover more quickly.

A condensed version of this book would be handy. The gold standard also existed in the nineteenth century, of course, without exercising such debilitating effects — the explanation for the contrast lies in the disintegration during and after World War I of the political and economic foundations of the prewar gold eichengreem system.

His best known work is the book Golden Fetters: This book is available as part of Oxford Scholarship Online – view abstracts and keywords at book and chapter level. It was the constraint preventing policy-makers from averting the failure of banks and containing the spread of financial panic.

The great strength of Eichengreen’s historical analysis is his enormously wide knowledge of, and sympathy for, economic and political conditions in all the major countries concerned

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