Seasonal Movements of Exchange Rates and Interest Rates Under the Pre-World War I Gold Standard (Routledge Library Editions: Exchange Rate Economics)

Foster, Ellen

ISBN 10: 1138743909 / ISBN 13: 9781138743908

Published by Routledge, 2017

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Bibliographic Details

• Title: Seasonal Movements of Exchange Rates and Interest Rates Under the Pre-World War I Gold Standard (Routledge Library Editions: Exchange Rate Economics)
• Publisher: Routledge
• Publication Date: 2017
• Language: English
• ISBN 10: 1138743909
• ISBN 13: 9781138743908
• Binding: Hardcover
• Condition: New
• Book Type: book

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Synopsis

Originally published in 1994. This work investigates seasonal fluctuations of US and British short term nominal interest rates, the dollar-sterling exchange rate and short term interest rate differentials between the US and Britain during the period 1883-1913. It finds that during the pre-World War Gold Standard seasonal movements in exchange rates did not tend to offset the seasonal fluctuations in interest rate differentials. It presents a model to explain the fluctuations and outlines two specific empirical investigations, considering the results in the light of more recent historical periods as well.

About the Author

Ellen Foster