Skip to Main content Skip to Navigation
Book sections

The International Contagion of Short-Run Interest Rates During the Great Depression

Abstract : The aim of this chapter is to clearly identify the mechanisms of the money market spillovers between the United States, the United Kingdom and France during the interwar period. To describe these mechanisms in detail, a BEKK model, in which we introduce a structural break, is adopted. Our analysis sheds new light on key historical issues: Was the crisis imported into the US? Did France set off interest rate volatility in the rest of the world during the thirties? Does the propagation process of interest rate volatility corroborate the “Golden Fetters” hypothesis?
Document type :
Book sections
Complete list of metadata

https://hal.archives-ouvertes.fr/hal-02273091
Contributor : Sophie Elorri <>
Submitted on : Wednesday, August 28, 2019 - 2:47:05 PM
Last modification on : Thursday, November 21, 2019 - 2:11:18 AM

Links full text

Identifiers

Collections

Citation

Samuel Maveyraud, Antoine Parent. The International Contagion of Short-Run Interest Rates During the Great Depression. Isao Suto; Hugh Rockoff. Coping with financial crises. Some Lessons from Economic History, Springer, pp.17-46, 2017, Studies in Economic History, Online ISBN 978-981-10-6196-7 ; Print ISBN 978-981-10-6195-0. ⟨10.1007/978-981-10-6196-7_2⟩. ⟨hal-02273091⟩

Share

Metrics

Record views

44