Golden Fetters. The Gold Standard and the Great Depression, Barry Eichengreen. NBER Series on Long-term Factors in Economic. NBER WORKING PAPER SERIES. FETTERS OF GOLD AND PAPER. Barry Eichengreen. Peter Temin. Working Paper Golden Fetters: The Gold Standard and the Great Depression, Barry Eichengreen. Published in January by Oxford University Press in NBER.

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Don’t have an account? My library Help Advanced Book Search. It was the constraint preventing policy-makers from averting the failure of banks and containing eixhengreen spread of financial panic.

Users without a subscription are not able to see the full content. Effective international cooperation could in principle have permitted a worldwide monetary expansion despite gold standard constraints, but disputes over World War I reparations and war debts, and the insularity and inexperience of the Federal Reserve, among other factors, prevented this outcome.

More The gold standard and the Great Depression might appear to be two very different topics requiring two entirely separate books, and the attempt to combine them here reflects Barry Eichengreen’s conviction that the gold standard is the key to understanding the Depression. The book also provides a valuable perspective on the economic policies of the post-World War II period and their consequences.


Oxford University Press Amazon. Oxford University Press is a department of the University of Oxford. Account Options Sign in. University of California, Berkeley. For all these reasons, the international gold standard was a central factor in the worldwide Depression; recovery proved possible, for these same reasons, only after abandoning the gold standard.

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Golden Fetters

The great strength of Eichengreen’s historical analysis is his enormously wide knowledge of, and sympathy for, economic and political conditions in all the major countries concerned Retrieved 1 February This book offers a reassessment of the international monetary problems that led to the global economic crisis of the s.

Essays in the History of International Finance It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide.

Graciously written, impressively researched, organized He has written a number of books on international monetary issues and economic history, including Elusive Stability: Please help feters adding reliable sources. Eichengreen has brought it back to the center of the story, which is where it belongs.

Not that I know of. Print Save Cite Email Share. What was initially a mild deflationary process began to snowball when the banking and currency crises of instigated an international “scramble for gold”.


This page was last edited on 27 Decemberat He has been President of the Economic History Association — Partisan Diary Ada Gobetti. Eichengreen No preview available – Classical, Early, and Medieval Prose and Writers: Eichengreen’s mother is Lucille Eichengreena Holocaust survivor and author. This volume will remain the standard history of the gold standard for many years to come.

Barry Eichengreen – Wikipedia

The gold standard of the s set the stage for the Depression of the s by heightening the fragility of the international financial system, and was the mechanism that transmitted the destabilizing impulse from the USA to the rest of the world and magnified that initial destabilizing shock; it was the principal obstacle to offsetting action, and the binding constraint preventing policymakers from averting the failure of banks and containing the spread of financial panic.

Choose your country or region Close. Eichengreen has done nearly the impossible.