Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle
Why did monetary authorities hold large gold reserves under Bretton Woods (1944-1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves, following r...
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| Формат: | Электронная книга |
| Язык: | English |
| Публикация: |
Washington, D.C.
International Monetary Fund,
2019.
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| Серии: | IMF Working Papers; Working Paper ;
no. 19/161. |
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| Online-ссылка: | EBSCOhost Перейти в каталог НБ ТГУ |