It takes the average reader and 32 minutes to read Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle by Eric Monnet
Assuming a reading speed of 250 words per minute. Learn more
Why did monetary authorities hold large gold reserves under Bretton Woods (1944–1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves, following rules of the pre-WWII gold standard. The longer an institution spent in the gold standard (and the older the policymakers), the stronger the correlation between gold reserves and currency. Since dollars and gold were not perfect substitutes, the Bretton Woods system never worked as expected. Even...
Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle by Eric Monnet is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle aloud.
Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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