A Model of the Bimetallic System High quality books
A Model of the Bimetallic System
By:Mr. Stefan E. Oppers
Published on 1995-12-01 by International Monetary Fund

This paper formalizes Irving Fisher’s century-old model of bimetallism and adds the important “disequilibrium” dynamics to deal with the long periods during which bimetallic countries were on effective monometallic standards. It resolves a long standing puzzle in the bimetallic literature regarding the remarkable stability of the gold/silver price ratio in the nineteenth century by modeling the bimetallic mint ratio as a regulating barrier to the gold/silver price ratio. It thus provides a clean-cut example of a target-zone model that—in contrast to other such models in the literature—exhibits the main predicted nonlinearities in the data. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
This Book was ranked at 19 by Google Books for keyword Bimetallism.
Book ID of A Model of the Bimetallic System's Books is vKcTdBRLw-oC, Book which was written byMr. Stefan E. Oppershave ETAG "QZVyKcJFaBg"
Book which was published by International Monetary Fund since 1995-12-01 have ISBNs, ISBN 13 Code is 9781455221288 and ISBN 10 Code is 1455221287
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