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Canada and the gold standard : balance-of-payments adjustment, 1871-1913

Author: Trevor J O Dick; John E Floyd
Publisher: Cambridge : Cambridge University Press, 2004.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:

This interpretation of the Canadian experience extends the monetary approach to balance-of-payments adjustment that realizes the full implications of international capital mobility.

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Genre/Form: History
Document Type: Book
All Authors / Contributors: Trevor J O Dick; John E Floyd
ISBN: 0521617065 9780521617062
OCLC Number: 59135525
Description: xiii, 236 pages : illustrations ; 23 cm
Contents: 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.
Responsibility: Trevor J.O. Dick, John E. Floyd.

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"Dick and Floyd, two respected economists, have written an interesting and challenging interpretation of how the Canadian economy functioned under the gold standard during a period of massive capital Read more...

 
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