Canada and the gold standard : balance-of-payments adjustment, 1871-1913
In this re-examination of Canada's balance-of-payments experience under the gold standard, the authors develop and empirically test a new portfolio approach to the mechanism of balance-of-payments adjustment.
Print Book, English, 2004
1st pbk. ed View all formats and editions
Cambridge University Press, Cambridge, 2004
History
xiii, 236 p. : ill. ; 23 cm.
9780521617062, 0521617065
59135525
List of tables and figures; Preface; 1. Introduction; 2. The standard neoclassical specie-flow mechanism; 3. A new view of gold standard adjustment; 4. An empirical overview; 5. Statistical tests of goods and asset market adjustments; 6. Evidence on the process of balance-of-payments adjustment; 7. Some further evidence on structure and timing; 8. 'Canada's balance': Viner and his critics; 9. The theoretical implications of capital mobility; 10. 'Canada's balance of indebtedness': reinterpretating the historical evidence; 11. Conclusions. How the gold standard worked; Appendices; References; Index.
Includes index