Between the Dollar-Sterling Gold Points (English, Lawrence H. Officer | Officer Lawrence H.)
by Lawrence H. Officer | Officer Lawrence H.
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About the Book
Officer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of the American foreign-exchange market over time. Second, it is proved that gold-point arbitrage is markedly more efficient than either interest arbitrag…
ISBN: 9780521038218
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