Interest-parity conditions during the era of the classical gold standard (1880–1914)—evidence from the investment demand for bills of exchange in Europe

Interest-parity conditions during the era of the classical gold standard (1880–1914)—evidence from the investment demand for bills of exchange in Europe

Abstract This paper examines interest-parity conditions that arguably held as regards the investment demand for bills of exchange during the classical gold standard (1880–1914). Contemporaneous guides to the foreign exchanges report that close connections between the exchange and discount rates aros...

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Bibliographic Details
Main Author: Nils Herger
Format: Article
Language:English
Published: SpringerOpen 2018-05-01
Series:Swiss Journal of Economics and Statistics
Subjects:
Bills of exchange
Exchange rates
Gold standard
Interest-parity condition
Online Access:http://link.springer.com/article/10.1186/s41937-017-0008-5

Internet

http://link.springer.com/article/10.1186/s41937-017-0008-5

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