Searching for historical analogies in political economy: the Baltic states and the gold standard regime

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Searching for historical analogies in political economy: the Baltic states and the gold standard regime
In the Journal:
Journal of Baltic studies. 2016, vol. 47, no. 3, p. 287-299
Summary / Abstract:

LTReikšminiai žodžiai: Gold standard; Economic adjustment; Flexibility; Historical analogy; Internal devaluation.

ENThis article compares the contemporary politico-economic regime in the Baltic countries with the classical gold standard regime, which successfully functioned in the Western world from 1870 until 1914. Both the classical gold standard system and the Baltic political economies were based on a hard currency peg policy supported by a high degree of economic flexibility. Politically, this flexibility was ensured by a strong insulation of economic policy-making due to a weak political left. Furthermore, the classical gold standard system and the Baltic regimes shared an ideational consensus supporting economic liberalism in general and hard currency peg policy in particular. [From the publication]

DOI:
10.1080/01629778.2015.1109530
ISSN:
0162-9778; 1751-7877
Related Publications:
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https://www.lituanistika.lt/content/62875
Updated:
2020-07-21 19:06:11
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