TY  - JOUR
AU  - Bordo,Michael D.
AU  - Bayoumi,Tamim
TI  - Getting Pegged: Comparing the 1879 and 1925 Gold Resumptions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5497
PY  - 1999
Y2  - March 1999
UR  - http://www.nber.org/papers/w5497
L1  - http://www.nber.org/papers/w5497.pdf
N1  - Author contact info:
Michael D. Bordo
Department of Economics
Rutgers University
New Jersey Hall
75 Hamilton Street
New Brunswick, NJ 08901
Tel: 732/822-7152
Fax: 732/932-7416
E-Mail: bordo@econ.rutgers.edu

Tamim Bayoumi
International Monetary Fund
700 19th Street NW
Washington, DC 20431
E-Mail: tbayoumi@imf.org
AB  - We compare the resumption of convertibility into gold by the United States in 1879 and Britain in 1925 to ascertain the degree to which the outcomes reflected differences in strategies adopted by the authorities or in the external environment.  It is concluded that external factors were the most important determinant of the very different outcomes of the two episodes.
ER  -