In this volume an international team of monetary historians examine the historical experience of exchange rate behaviour under different monetary regimes. The main focus is on metallic standards and fixed exchange rates, such as the gold standard. With its combination of thematic overviews and case studies of key countries and periods, this book provides enhanced understanding of past monetary systems. The volume is divided into three parts. Part I evaluates the various monetary systems. The performance of metallic regimes is compared with the other monetary systems of human history, using...

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 arbitrage or forward speculation. Third, regime efficiency is explored from standpoints of both private agents and policy-makers; the 1925 1931 gold...

Production workers continue to be an important group in the economy. Two Centuries of Compensation for U.S. Production Workers in Manufacturing is the first long-run annual series of average hourly compensation for U.S. production workers in manufacturing. Officer reviews both data sources and existing literature on related historical series as well as using current official statistics. The new series provides original insights into the standard of living of these workers.

International Economics is unique despite the existence of numerous books of the same title. It is true that no one volume can capture the entire state of the art of the subject, but individuals can apply their own perspectives to identify crucial issues in the development of the field. Therefore, rather than instructions to prepare "surveys" of subfields within international economics, the contributors to this book were informed as follows: Your essay should present an affirmative but constructively critical look at your subject. It is not meant to be a survey. Rather, your task is to...

This text presents the lifelong and ongoing research of Lawrence H. Officer in a systematic way. The result is an authoritative treatment of such issues as market structure and economic efficiency where more than one characteristic of a commodity is priced, both in general and in application to shipping conferences.

In this volume an international team of distinguished monetary historians examine the historical experience of exchange rate behaviour under different monetary regimes. The main focus is on metallic standards and fixed exchange rates, such as the gold standard. With its combination of thematic overviews and case studies of the key countries and periods, the book greatly enhances our understanding of past monetary systems.