Sovereign risk in the classical gold standard era
This paper explores the determinants of sovereign bond yields during the classical gold standard period (1872-1913). Using the Pooled Mean Group methodology, we find that the main benefit of the gold standard can be seen as a short-hand device that enhanced a country's reputation in internation...
| Main Authors: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2006
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