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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Format: | Article |
Language: | English |
Published: |
SpringerOpen
2018-05-01
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Series: | Swiss Journal of Economics and Statistics |
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Online Access: | http://link.springer.com/article/10.1186/s41937-017-0008-5 |