Harvests and Financial Crises in Gold Standard America
Bibliographic Data
| ID | 5753151 |
|---|---|
| Authors | Christopher Hanes (Binghamton University), Paul W Rhode |
| Year | 2013 |
| Volume | 73 |
| Issue | 1 |
| Pages | 201-246 |
| Publication date | 2013-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050713000077 |
| OpenAlex | W2133438905 |
| Language | EN |
| Citations received | 6 |
| References cited | 50 |
Most American financial crises of the postbellum gold standard era were caused by fluctuations in the cotton harvest due to exogenous factors such as weather. The transmission channel ran through export revenues and financial markets under the pre-1914 monetary regime. A poor cotton harvest depressed export revenues and reduced international demand for American assets, which depressed American stock prices, drained deposits from money center banks and precipitated a business cycle downturn-conditions that bred financial crises. The crises caused by cotton harvests could have been prevented by an American central bank, even under gold standard constraints
Business · Business cycle · Economics · Financial crisis · Financial market · Financial system · Geography · Macroeconomics · Monetary economics · Recession · Revenue · Stock (firearms) · Economic Theory and Policy · Finance · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Banking Panics of the Gilded Age
Manias, Panics and Crashes
Monetary Trends in the United States and the United Kingdom
This Time Is Different
Credit Booms Gone Bust
From Financial Crash to Debt Crisis
Wall Street and Main Street
The History of Foreign Investment in the United States, 1914–1945
Measuring Market Integration
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
International Capital Flows and Portfolio Equilibrium
Bank Runs, Deposit Insurance, and Liquidity
A New Monthly Index of Industrial Production, 1884–1940
An Improved Annual Chronology of U.S. Business Cycles since the 1790s
Real Shock, Monetary Aftershock
Remeasuring Business Cycles
The Stock Exchange and the Money Market
Covered Interest Arbitrage
The Origins of Central Banking in the United States
Forecasting the Yield and the Price of Cotton
The New York Money Market
The Bank of England, 1891-1944
A History of Modern Banks of Issue
The History of Foreign Investment in the United States to 1914
The Currency Problem and the Present Financial Situation
A Monetary History of the United States, 1867-1960
Harvests and Financial Crises in Gold Standard America
Financial Intermediation and Macroeconomic Analysis
The Origins of Central Banking in the United States
The Unholy Trinity of Financial Contagion
American Business Cycles, 1865-1897
Overseas Investment in the Age of High Imperialism
Money and Capital Markets in Postbellum America
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,46 |
| Citation span | 2013 - 2026 (14) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |