How the Gold Standard Functioned in Portugal: An Analysis of Some Macroeconomic Aspects

Article, Research, Preprint English OPEN
António Portugal Duarte; João Sousa Andrade;
(2011)
  • Publisher: FEUC. Grupo de Estudos Monetários e Financeiros
  • Related identifiers: doi: 10.1080/00036846.2010.513675
  • Subject: Portugal | Gold Standard | Gold Standard, Macroeconomic Stability, Convertibility, Portugal, VAR and Unit Roots | Convertibility | Social Sciences & Humanities | Gold Standard, Macroeconomic Stability, Convertibility, Portugal, VAR, Unit Roots | [ QFIN ] Quantitative Finance [q-fin] | Macroeconomic Stability | VAR and Unit Roots
    • jel: jel:F31 | jel:E42 | jel:C32 | jel:B10 | jel:E58 | jel:F33 | jel:N23

The purpose of this study is to improve understanding of the gold standard period in Portugal through comparison with other monetary systems that were operated afterwards. Portugal was the first country in Europe to join Great Britain in the gold standard, in 1854, and... View more
  • References (4)

    Aceña, Pablo and Jaime Reis. 2000. “Introduction” in Monetary Standards in the Periphery, Paper, Silver and Gold, 1854-1933. Aceña, Pablo and Jaime Reis eds. London: Macmillan Press, pp. 1-17.

    Alogoskoufis, George. 1992. “Monetary Accomodation, Exchange Rate Regimes and Inflation Persistence”, Economic Journal, 102:412, pp. 461-80.

    Alogoskoufis, George and Ron Smith. 1991. “The Phillips Curve, the Persistence of Inflation and the Lucas Critique: Evidence from Exchange-Rate Regimes”, American Economic Review, 81:2, pp. 1254-73.

    Andrade, João. 2003. “Régimes Monétaires et Théorie Quantitative du Produit Nominal (1854-1998)”, Estudos do GEMF 6, Universidade de Coimbra, http://gemf.fe.uc.pt/workingpapers/pdf/2003/gemf03_06.pdf

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