Template-type: ReDIF-Paper 1.0

Author-Name: Scott Andrew Urban
Author-Workplace-Name: St Antony’s College, Oxford University, Oxford OX2 6JF
Title:  The Name of the Rose: Classifying 1930s Exchange-Rate Regimes
Abstract: There is an implicit consensus that 1930s exchange-rate regimes can be characterised as some variant of 
‘floating’. This paper applies an adaptation of modern methodologies of exchange-rate regime classification to a panel 
of 47 countries in weekly observations between January 1919 and August 1939. On the basis of modern benchmarks, 
the 1930s world monetary system would not be considered ‘floating’ or even ‘managed floating’. One implication is that 
today’s fiat-based, managed-floating international financial architecture is unprecedented. 
Classification-JEL: F31, F33, N10
Keywords: Fixed Exchange Rate, International Reserves, Intervention
Length: 69 pages
Creation-Date: 2009-04-01
Number: _076
File-URL: http://www.economics.ox.ac.uk/materials/papers/3783/76urban.pdf
File-Format: application/pdf
Handle: RePEc:nuf:esohwp:_076