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Lecture 7 EH

Economic History

QuestionAnswer
The gold standard literature
How did the gold standard work?
The gold coverage ratio
The rules of the game
Hume's price-specie flow model
The interwar Gold-Exchange standard
Macroeconomic policy trilemma
Rules of the game violations
Breaking point in 1931
Why does the gold standard continue to fully disintegrate after 1931?
Problem with the monetary thesis
Causes of the global banking crisis in 1931
Did the gold standard cause the 1931 global banking crises
The great depression in Germany. How to pay reparations once capital inflow stopped
Economic policy options were limited
Germany's fiscal contraction and its effect on the trade balance
Political ramifications
1931 crises in Germany
Bruning failing 100m before the finish line
Disintegration of the world economy
The depression spreads
Created by: janasultan
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