… ‘limping’ gold standards, where gold convertibility was at the … and gold stocks and the tendency
for the flow of newly mined … which banks collapsed and stock and bond markets crashed. …

… and would allow the authorities access to seigniorage and bond finance at favorable terms.
… , the pattern of shares of finance in government expenditures during wartime periods, and …

… Since 1914 we have increased our gold stock by about $2,500, 000,000. Much of it came
during … bonds have been at panic prices. I would especially hesitate to lay this draining off of …

… the United States to a gold standard, at least since Americans … that, while high-quality bonds
could typically be floated in the … gold standard in part-but only in part-because the stock of …

… It had, however, muddled through the war by putting up a system by which it held bond … at
the centre of the system as long as it remained a free flow system, where the only stock of gold …

… of different maturities, treated as discount bonds, with prices qr We … during the pure gold
standard period, from 1879 to 1913. … For example, the stocks of physical and human capital have …

… on gold was greater than 1.5 per cent per month during this … volatility, with gold's standard
deviation exceeded only by … a holder of stocks and bonds does not. Similarly, a producer of …

… of gold in times of stress or extreme stock or bond market situations and include regressors
that contain stock or bond … of a portfolio comprising stocks and gold through time. We find that …

… banks (principally through the declining values of bonds in their portfolios) in the wake of
the interest-rate hikes that followed the British abandonment of the gold standard were driving …

… through the war by putting up a system by which it held bond … , as the government had to
buy stock dear and sell it cheap. … previously free-flowing gold into large stocks, over which the …