Seasonal Movements of Exchange Rates and Interest Rates Under the Pre-World War I Gold Standard
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1920s economics
A01=Ellen Foster
Author_Ellen Foster
cash-in-advance model
Category=KCBM
Category=KCL
Category=KCZ
Category=KFFK
Commercial Paper Rate
Covered Interest Parity
currency economics
Currency Model
Dollar Sterling Exchange Rate
Domestic Currency Prices
Dummy Variables
economic history
economic policy
empirical modelling
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Exchange Risk Premium
Federal Reserve
financial seasonality
global economics
global economy
Gold Points
gold reserves
gold standard
historical financial data
Implicit Interest Rate
Interest Rate Differentials
interest rate history
interest rates
International Economy
international finance
international monetary systems
London Discount Market
monetary economics
Nonseasonal Model
Partial Autocorrelation Function
Phillips Perron Unit Root Tests
Seasonal Dummy Variables
Seasonal Fluctuations
seasonal interest rate analysis
Seasonal Lags
Short Term Nominal Interest Rates
Smoothing Interest Rates
Sterling Bills
Strong Seasonal Fluctuations
Trend Cycle Component
Uncovered Interest Parity
World Economy
World Endowment
Product details
- ISBN 9781138895096
- Weight: 453g
- Dimensions: 156 x 234mm
- Publication Date: 29 Aug 2018
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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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.
