Gold Standard Lessons for the Eurozone
Bibliographic Data
| ID | 7877792 |
|---|---|
| Authors | Matthias Morys (0000-0002-6460-2575, University of York, corresponding author) |
| Year | 2014 |
| Volume | 52 |
| Issue | 4 |
| Pages | 728-741 |
| Publication date | 2014-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.12146 |
| OpenAlex | W1500861176 |
| Language | EN |
| Citations received | 3 |
| References cited | 18 |
This article explores some lessons of the gold standard for the eurozone crisis with specific focus on the interwar period. Resurrected in the 1920s, the interwar gold standard malfunctioned from the onset, contributing to the G reat D epression's quick propagation and severity, and its abandonment between 1929 and 1936 was a critical factor in ending the G reat D epression, with countries devaluing earlier and more sizeably recovering more quickly. The intricate combination of similarities and differences with the present situation makes one of two outcomes likely: either some countries will eventually leave the eurozone to boost their growth prospects; or, the eurozone will remain intact as a result of stronger political co‐operation today, but a poorly working internal adjustment mechanism could result in low growth rates for the foreseeable future, similar to the experience of the gold bloc countries in the 1930s
Abandonment (legal · Economics · Gold standard (test · International economics · Interwar period · Keynesian economics · Political science · Politics · World War II · Economic Theory and Policy · Global Financial Crisis and Policies · Law · Medicine · Monetary Policy and Economic Impact
Golden fetters
Globalizing Capital
The World in Depression
The Stability of the Interwar Gold Exchange Standard
Exchange Rates and Economic Recovery in the 1930s
New Estimates of British Unemployment, 1870–1913
London Merchant Banks, the Central European Panic, and the Sterling Crisis of 1931
Discount rate policy under the Classical Gold Standard
The German Twin Crisis of 1931
The Constant Employment Budget Balance and British Budgetary Policy, 1929-391
Fiscal Policy in Britain During the 1930s
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2014 - 2022 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |