Seasonal Movements of Exchange Rates and Interest Rates under the Pre-World War I Gold Standard |
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Author:
| Foster, Ellen |
Series title: | Routledge Library Editions: Exchange Rate Economics Ser. |
ISBN: | 978-1-138-89509-6 |
Publication Date: | Aug 2018 |
Publisher: | Routledge
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Book Format: | Paperback |
List Price: | USD $41.95 |
Book Description:
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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...
More Description
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.