The Gold Standard Peripheries

Monetary Policy, Adjustment and Flexibility in a Global Setting

By: Anders Ögren, Lars Fredrik Øksendal

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eText | 16 December 2011

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The remarkably successful gold standard before 1914 was the first international monetary regime. This book addresses the experience of the gold standard peripheries; i.e. regime takers with limited influence on the regime. How did small countries adjust to an international monetary regime with seemingly little room for policy autonomy?