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A New World Order: Explaining the Emergence of the Classical Gold Standard

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NBER2002-09-01 更新2025-01-04 收录
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The classical gold standard only gradually became an international monetary regime after 1870. This paper provides a cross-country analysis of why countries adopted when they did. I use duration analysis to show that network externalities operating through trade channels help explain the pattern of

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2002-09-01
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