Change of Monetary Regime, Contracts, and Prices: Lessons from the Great Depression, 1932-1935
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In this paper I analyze the process leading to the abandonment of the gold standard in the U.S. in1933, and the devaluation of the dollar in 1934. I argue that most changes of monetary regime have an impact on contracts. In this specific case, contracts that were written in terms of gold, or gold
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美国国家经济研究局创建时间：
2019-07-01
