Front Matter
Author:
Eric Monnet https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Eric Monnet in
Current site
Google Scholar
Close
and
Mr. Damien Puy https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Mr. Damien Puy in
Current site
Google Scholar
Close

Front Matter Page

Research Department

Contents

  • I. Introduction

  • II. Gold and the Bretton Woods System

    • The Gold Puzzle

    • Potential Motives for Gold Holding

  • III. Gold and Currency Under Bretton Woods

    • The Determinants of Reserves Holdings

    • Control Variables

    • Data Sources and Sample

    • Money rather than Trade

  • IV. Memory and Gold

    • Past Exposure to the Gold Standard

    • Personal Experience vs. Institutional Memory

  • V. Extensions and Robustness

    • Alternative Dependent Variables

    • Reverse Causality and Sterilization

  • VI. Implications: New Perspectives on the Bretton Woods system

  • VII. Conclusion

  • Data appendix

  • References

  • Tables

    • 1: Gold and Currency in Circulation

    • 2: Memory

    • 3: Personal Experience and Institutional Memory

    • 4: Determinants of Non-Gold Reserves and Share of Gold in Total Reserves

  • Figures

    • Figure 1: Gold and International Reserves, 1950-1971 (billions of US$)

    • Figure 2; Catching-up. The Evolution of cover ratios over time (1950-1970)

    • Figure 3: Number of Years in the Gold Standard vs. Average Age of Central Banks’ Governors.

    • Figure 4: Currency-Gold Correlation (1950-1973)

  • Collapse
  • Expand
Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle
Author:
Eric Monnet
and
Mr. Damien Puy