{"product_id":"between-the-dollar-sterling-gold-points-exchange-rates-parity-and-market-behavior-paperback-9780521038218","title":"Between the Dollar-Sterling Gold Points; Exchange Rates, Parity and Market Behavior (Paperback \/ softback) 9780521038218","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eBetween the Dollar-Sterling Gold Points\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eExchange Rates, Parity and Market Behavior\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book investigates US-UK monetary relations, 1791 to 1931.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eLawrence H. Officer (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521038218, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 2 July 2007\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e368 pages\u003cbr\u003e22.7 x 15.1 x 2 cm, 0.551 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'… the book is a beautiful example of the best kind of analysis of market micro-structure, and deserves to be on the shelves of any serious student of the history of the dollar-sterling exchange rate.' The Economic Journal\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eOfficer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of the American foreign-exchange market over time. Second, it is proved that gold-point arbitrage is markedly more efficient than either interest arbitrage or forward speculation. Third, regime efficiency is explored from standpoints of both private agents and policy-makers; the 1925–1931 gold standard, though less durable than the pre-war standard, is nevertheless shown to be surprisingly stable. The book will serve as a Dollar-Sterling handbook for those interested in this important aspect of international monetary history.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of figures\u003cbr\u003e List of tables\u003cbr\u003e Preface\u003cbr\u003e List of symbols\u003cbr\u003e 1. Introduction\u003cbr\u003e Part I. Monetary Standards: 2. The various monetary standards\u003cbr\u003e 3. American monetary standard\u003cbr\u003e 4. British monetary standard\u003cbr\u003e Part II. Exchange Rate: 5. Parity\u003cbr\u003e 6. Exchange-rate data\u003cbr\u003e 7. Exchange-market integration\u003cbr\u003e Part III. Gold Points: 8. Gold points: theory and practice\u003cbr\u003e 9. Gold-point estimates\u003cbr\u003e Part IV. External and Internal Integration: 10. External integration\u003cbr\u003e 11. Internal integration\u003cbr\u003e Part V. Market Efficiency: 12. Theory of market efficiency\u003cbr\u003e 13. Empirical testing of market efficiency\u003cbr\u003e Part VI. Regime Efficiency\u003cbr\u003e 14. Market forces\u003cbr\u003e 15. Policy variables\u003cbr\u003e 16. Net outcome\u003cbr\u003e Part VII. Conclusions: 17. Summary and conclusions\u003cbr\u003e Notes\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006246899992,"sku":"9780521038218","price":42.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521038218i_7f3a8493-b7b3-4865-82c3-def9d9c1cfa4.jpg?v=1694968449","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/between-the-dollar-sterling-gold-points-exchange-rates-parity-and-market-behavior-paperback-9780521038218","provider":"Freshly Printed Books","version":"1.0","type":"link"}