Economic historians have devoted enormous attention to the collapse of the interwar gold standard. This article proposes a discrete time duration model (using a panel data set of 24 countries for 1928-1936) to analyze how economic and political indicators affected a country's term on the gold standard. High per capita income, international creditor status, and prior hyperinflation increased the probability of continuation. In contrast, democratic regimes left early. Unemployment, sterling group membership, higher inflation, and the experience of banking crises reduced the time a country remained on the gold standard. This study also predicts sample countries' survival probabilities. © 2008 The Economic History Association.
CITATION STYLE
Wandschneider, K. (2008). The stability of the interwar gold exchange standard: Did politics matter? Journal of Economic History, 68(1), 151–181. https://doi.org/10.1017/S0022050708000053
Mendeley helps you to discover research relevant for your work.