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MONETARY ASPECTS OF INTERNATIONAL EXCHANGE
Intematl* Exclu end value of money
purchasing power parity theory
Gold Movements and price levels




AFTALION, Albert
The causes and effects of the movements of gold
into France, in SELECTED DOCUMENTS OF THE GOLD
DELEGATION. Geneva: League of Nations, 1931.




Anonymous
British and American price movements, LLOYDS
BANK LTD. MONTHLY REVIEW,
April, 193-4.
Pp. 7.




BRUINS, C. W. J*
The movements of gold into and out of
Germany since 1924, in SELECTED DOCUMENTS OF THE
GOLD DELEGATION. Geneva2 League of Nations, 1931.




BRYCE, R. B.
A note on banking policy and the exchanges,
REVIEW OF ECONOMIC STUDIES,
June, 1937.
Pp. 5.




BRYCE, R. B.
A note on banking policy and the
exchanges, THE REVIEW OF ECONOMIC STUDIES,
June, 1937.




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CAILLODX, JOSEPH
"Gold Movements and Price Fluctuations"
THE BANKER, Vol XIII, No. 50, March, I93O




CAILLOUX, Joseph
Gold movements and price fluctuations,
THE BANKER (London), Vol. XIII, No. 50, March, 1930.




EINZIG, Paul
Gold points and central banks, ECONOMIC JOUENiL,
September, 1929*




FOX, Bertnoad
Gold prices and exchange rates, REVIEW OF ECONOMIC
STATISTICS, XVII, August, 1935, pp. 72-78,




FOX, Bertrend
"Bold prices and exchange rates,* EEVIEW OF
ECOHQMIC STATISTICS,
August, 1935*
Pp. 7.




( 5 OJolauvuiQ W




fj

YCxx/AAJL^Mii%

KKTVl

HEILIGENSTADT, Dr. Carl
Die Internationale)! Goldbewegungen, ihre
Ursachen, Ihre Richtungen, und die Stellung der
Bankpolitik ihnen gegenuber, SCHMOLLERS JAHRBPCH Tttr
GESETZGEBUNG, Verwaltung, und Volkswirtschaft im
Deutschen Reich. Achtzehmter Jahrgang, 1894* PP*
453-518.




CeUuTQ \ Thicker




^pewA <» Q>.,

&<i

KERSOHAGBL,

R.

Technik und Tendenzen der Goldwahrungen
der Nachkriegszeit, BANK-AROHIV,
October JO, 1929.




HDUitem^t *




**e

£ l a«~

dux

League of Nations — Financial Committee
INTERIM REPORT of the Gold Delegation,
Geneva:
1930




LEHFELDT, R. A*
GOLD, PRICES,AHD THE ¥ITWATERSRAND.




1919.

London:

MAXIR, K. F.
Goldwanderungen: eln Beltrag zur Theorle
des Geldea.
1935.




MEADE, J. E.
Financial policy and the balance of payments,
ECONOMICA,
May, 1948.
pp. 15.




PAISH, F. ¥.
"Banking policy and the balance of international payments," ECONOMICA,
November, 1936•
Pp. 19.




PAISH, F. W.
Banking policy and the balance of
i n t e r n a t i o n a l payments, ECONOMICA, Vol.
I l l (new s e r i e s , no. 12, S e p t . , 1936, pp.




tli*r

Charles
Doc-trt***




rcl*t/if<z*

a

fraction

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ROBINSON, Joan
Banking policy and the exchanges, REVIEW OF
ECONOMIC STUDIES, II,
1936.




ROBINSON, Joan
Banking policy and the exchanges, REVIEW OF
ECONOMIC STUDIES,
June, 1936.
Pp. 4.




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OF

POLITIC*

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£a>/oo/*y

23*-*?,

r
W e s t e r f i e l d , Hay 3 .
Gold movement, 1902-1925.
v . 2 7 , J e 18,1926.
p.836. )
Table.

Gold - Movements




(In The A n n a l i s t .

WHITAKER, A- C"The Ricardian Theory of Gold Morements and
Professor Laughlin's Views of Money,11 QUARTERLY JOURNAL
OF ECONOMICS, Vol- 18,




pp- 220-

GOLD OUTPUT AND PRICE MOVEMENTS




BERRIDGE, William A.
The world's gold supply, THE REVIEW OF
ECONOMIC STATISTICS, Preliminary Vol. 2, July 26, 1920,
pp. 181-201.




BERRIDGE, William A.
"The World's Gold Supply." THE REVIEW OF
ECONOMIC STATISTICS. Harvard University, Committee
on Economic Research. Preliminary Volume 2, 1920.




BROWN, Philip S.
The anomalous course of South African gold
mining since 1925, JOURNAL OF POLITICAL ECONOMY,
Vol. XLVI, April, 1933.




BROUN, P. S.
The anomalous course of South African gold
mining since 1825, JOURNAL OF POLITICAL ECONOMY,
April, 1938.
Pp. 26.




BUSSCHAU, W. J.
THE THBORI OF GOLD SUPPLY. With Special
Reference to the Problems of the Witwatersrand.
London: Oxford University Press, 1936. Pp. 193.
Review: by R. B. Bryce, ECONOMIC JOURNAL, XLVII,
Sept., 1937, pp. 543-50.
critical—tract on inequities of S. Afr.
taxation




0o«^ (




V*k X r7t> .H Apr-'/

JfSt*

CASSEL, GustaT
THE THEORY OF SOCIAL ECONOMY.




New York:
1924.

COLE, G. D. H.
GOLD, CREDIT AND ONEMPLOXMENT.
Allen & Unwin, 1931. Pp. 165.




London:

1*91

pp.




STt *-$**-•

COTLE, Eunice S.
The v o r l d ' s i n d u s t r i a l consumption of gold,
THE REVIEW OF ECONOMIC STATISTICS, Preliminary Vol. 2,
May 20, 1920, pp. H7-154.




EDIE, L. D.
GOLD PRODUCTION AND PRICES BEFORE AND AFTER THE VORLD
VAR. Indiana University Studies. Bloomington:
1928.




fcoW yrcAociuH^ and
4 k e WorW W * r .




prices

b<~Por«. Uy\d

ifdr

EDIE, Lionel D.
GOLD PRODUCTION AND PRICES.
Bloomington:
1928.




EDIE, Lionel D.
GOLD, PRODUCTION AND PRICES BEFORE AND AFTER
THE WORLD WAR, Indiana University Studies, No.
78, March 1928.




EDIE, Lionel D.
GOLD PRODUCTIQB W) PRICES BEFORE AHD A7TER
THE WORLD WAR. Indiana University StiaM.es.
Bloomington, 1928.




EDIE, Lionel D.
GOLD PRODUCTION AND PRICES BEFORE AND AFTER THE
WORLD WAR. Indiana University Studies. Bloomington:
1928.

Gold production and prices




F0SST3M, Paul R.
"The relation of gold production to the prices
of agricultural products," AMERICAN ECONOMIC REVIEW.
XXI, June 1931, pp. 281-282.




FOSSUM, Paul R.
The Relation of Gold Production to the Prices
of Agricultural Products, AMiLRICAN ECONOMIC REVIEW,
XXI, June, 1931, pp. 281-32.




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HARDY, Charles 0.
IS THESE MOUGH GOLD? Washington:
Brookings Institution, 1936. Pp. x, 212.
Review:
by R. B. Westerfield, AMERICAN ECONOMIC REVIEW,
XXVI, Dec, 1936, pp. 784*788.

adequacy of world1 s gold supply to sustain
the existing price level.
In 1920* s; pessimistic writings of Cassel, Edie
and Kitchin
After 1930 view that world faced a falling price
level or collapse if pre-war gold
standard continued—Loveday, Strakosch,
Woytinsky, Gold Delegation of League of
Nations, Varren and Pearson
I. The Adequacy of the Gold Supplyj
II. The Warren-Pearson Price Theory

Theme:




HOWLAND, 0 . P., Editor
SURVEY OF AMERICAN FOREIGN RELATIONS* New
Haven: Yale University Press ( f o r the Council on
Foreign Relations), 1928.
Sec. I I , Oh. IV: I n t e r n a t i o n a l
Implications of Gold D i s t r i b u t i o n




KEYNES, J. M.
The supply of gold, ECONOMIC JOURNAL,
September, 1936.
Pp. 7.




KITCHIN, J .
THE SUPPLY OF GOLD COMPARED WITH
PRICES OF COMMODITIES, Interim Report of the Gold
Delegation of the Financial Committee of the League
of Nations, Document C, 375, M 161, September, 1930.




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THE

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AloAJ£%^

KITCHIN, Joseph
APPENDICES TO REPORT OF ROYAL COMMISSION
ON INDIAN CURRENCY AND FINANCE.
1926.

Vol. III.




KITCHIN, Joseph
Evidence presented to The Royal Commission
on Indian Currency and Finance.




1926.

KITCHIN, Joseph
Gold production: A survey and forecast,
THE REVIEW OF ECONOMIC STATISTICS, Vol. VI, No.
2, April, 1924, pp. 73-6




KITCHIN, Joseph
The position of gold, THE REVIEW OF ECOHOHIC
STATISTICS, Preliminary Vol. 3, No. 8, August, 1921,
pp. 257-263.




LAUGHLIH, J. L.
"Gold and Prices Since 1873," QUARTERLY JOURHAL OF
ECOSOMICS, 7ol. 1, pp. 319, 385




LEHPBLDT, R. A.
GOLD PRICES AND THE WITWATERSRAND.
London:
1919. Pp. 1 5 0 .




LESLIE, B.
Gold, 1936-37, SOUTH AFRICAN JOUBNAL OF ECONOMICS,
Vol • "%t
September, 1937 > pp. zz*-zyz.




LESLIE, R.
Gold, 1936-1937, SOUTH AFRICAN JOUENAL OF
ECONOMICS, Sept., 1937.
Pp. H .




LESLIE, T. E. Cliffe
ESSAYS IN POLITICAL AND MORAL PHILS80PHY.
1379.

chaps. XIX-XHI: on gold production and
prices




LIMEBEER, A- J*
The gold mining i n d u s t r y and t h e gold
standard, SOUTH AFRIC N JOURNAL OF ECONOMICS,
June, 1935.
Pp. 1 3 .




PU^ac , 0 . 1 ) .

ScoioonVj V*L




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J

I9IO

,

fp

<)old
*<W

H5TC-5-8 .

pro<Jocf A C > n
prices




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+ P0'*0*

MICHELL, H.
The impact of sudden accessions of treasure
upon prices and real vages, CANADIAN JOURNAL OF
ECONOMICS AND POLITICAL SCIENCE,
February, 19A6.
Pp. 17.




NEISSER, Hans
The price level and the gold problem, ECONOMETRICA,
Bol. 9, April, 1941, pp. 173-74 (abstract only).




OHLIN, BERTIL
"Gold Movements and Deflation in 1925-1927W
IBID., No. 2it December 1927




OHLIN, BERTIL
"Gold Policy and the Distribution of the World's Gold"
IBID., No. 38 February 1929,




PAISH, F. V.
"Causes of changes in gold supply," ECONOMICA,
Hov. 1938.




PAISH, F. W.
Causes of changes in gold supply,
ECONOMICA, V (new ser.), No. 2 ,
Sept., 1938, pp. 379-4*9.




If
Faiah, F.
W.
Causes of changes in gold supply.
Econcralea, Nov.l938fp#379-409.)

(In:

It probable that, with stationary or slowly
rising prices, output from the world as a whole
will continue t6 expand

Gold -Production




PAISH, F. W.
Causes of changes in gold supply, ECONOMICA,
November, 1938 •




PAISH, F. V.
Causes of changes In gold supply,
ECONOMICA,
November, 1938.
Pp. 31.




M
Pearson, F. A.
Relationship of gold to prices. (In: Journal of the American Statistical Assn.,March 1933,
fcp. 118-126)
"No evidence has been found that credit management could have prevented a decline in commodity prices, or that 1929 commodity prices can
be restored by credit management and still maintain the present price of gold."
Also a discussion of the article by E. W.
Kemmerer, pp. 126-132.
Contains charts.



M
Pearson, F. A.
Physical volume of production of gold, silver
and other commodities.
(In: Journal of the
American Statistical Assn., March 1933,pp.113-117)
Disproving the "over-production" theory.
Also contains charts.




PHINNEY, J. T.
The growth of trade to 1913, THE JOURNAL OF
POLITICAL ECONOMI, Vol. 42, No. 4, August, 1934.
pp. 492-507.




gold and prices

PHIBNET, J. T.
"Gold Production and the Price Level: The
Cassel Three Per Cent Estimate," QUARTERLI JOURNAL OP
ECONOMICS, Vol. 47, No. h, Auguat, 1933.




pp. 647-

PHINNEY, J . T.
"Gold production and the price l e v e l ; The
Cassel three per cent estimate," QUAETERLY JOURNAL OF
ECONOMICS XLVII,
1933, pp.




PIGOU, A. C.
Prices and Wages from 1896-19H, ECONOMIC JOURNAL,
Vol. XXXIII, No. 130, June, 1923, pp. 163-171.




REED, Harold L.
"Recent Experience Refutes Classical Doctrine of
Gold-Price Relationship," NEW YORK TIMES ANNALIST,
Dec. 1929, pp. 1147-1148.




M
Reed, Harold L.
Recent experience refutes c l a s s i c a l doctrine
of gold-price relationship*
( i n : Annalist', Dec # ,
13,1929, p # 1147- )
A chert revealing an almost complete
reversal of the conjectured r e l a t i o n s h i p of gold
and commodity p r i c e movements*

Gold
Gold-Movements




RIST, Charles, BAODIN, L . , and PAISH, J . W.
L'or e t l e s p r i x , REVUE D'ECONOMIE POLITIQUE,
SEPTEMBER-October, 1938. Pp. 107.




RIST, Charles
Doctrines relatives a l1 action de lfor sur
les prix (1850-1936), EEVUE DflfcONOMIE POLITIQUE,
September-October, 1936 •
Pp. 54.




RIST, Charles
The problem of gold and prices: a picture of world
economic conditions. New York: National Industrial
Conference Board, 1931.




SPRAGUE, 0. M. V.
The distribution of money between the banks
and the people since 1893, QUARTERLY JOURNAL OF
ECONOMICS, Vol. XVIII,
1904, pp. 513-528.
gold and prices




STAMP , Josiah
PAPERS ON GOLD AND THE PRICE LEVEL. London:
P.S, King, 1931, Pp. 126.
collection of author's speeches and articles dating from
end of 1928 to spring of 1931 dealing chiefly
vith effects of changing price levels on the
industrial position of UK and on the relation
of gold supply to the price level.

Also included is a retrospective account of author1 s
changing views on the effects of changing price levels
from 1911 to 1929.

Reviewed by G.o. Hardy, A.E.R., June 1932.



TAMAGNA, F. M, snd GARBEB, M.
The private demand for gold, 1931-53> FEDEPAL
BESEBVE BULLETIN,
September, 1954Pp» 10,




TAMAGNA, Frank M. and GABBER, M*
The private demand for gold, 1931-53*
FEDEBAL RESEBVE BULLETIN,
September, 1954*
10 pp»




TUCKER, Rufus S.
"Price fluctuations and the gold supply,"
JOURNAL OF POLITICAL ECOHOMT,
August, 1934*




H PP*

TUCKER, Rufus S.
"Price fluctuations and the gold supply,"
JOUBNAL OF POLITICAL ECONOMY, XLII, Aufciwt 1934, pp.
517-530.




lucres

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Price F/vcfuatttors

Jou/tjutfL 6F




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scut

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Prices
Tucker, Rufus S.
Price fluctuations and the gold supply, tin:
Journal of P o l i t i c a l Economy,August 1954,p.517-30)
Criticizes the Warren theory,contending that
the effect of changes in gold production on wholesale commodity p r i c e s , i f any,has been very slow,
uneven,unpredictable,and out of proportion. Feels
that bank credit had much more influence on prices
than gold or currency.




M
Tucker, Rufus S.
Price fluctuations and the gold supply. (In:
Journal of Political Economy, August 1934,p.517-30
Criticizes the Warren theory, contending that
the effect of changes in gold production on wholesale commodity prices,if any,has been very slow,
uneven,unpredictable,and out of proportion
Feels
that bank credit had much more influence on prices
than gold or currency.

Gold
Prices
Warren, G.F.




M
Prices
Tucker, B u f u s S .
Gold and the general p r i c e l e v e l .
(In: The
Review of Kconomic s t a t i s t i c s , J a n . l 5 , 1 9 S 4 , p # 8 - 1 6 )
Since the modem system of banking the quanti
ty of gold has had very l i t t l e , i f any, influence
on the general price l e v e l . ••




VAREEN, G, F.
"Effects of changes in gold's value on Its
use as money," NATION'S BUSINESS, July 1934.




4 pp.

TUCKER, R. S.
"Price Fluctuations and the Gold Supply,"
JOURNAL OF POLITICAL ECONOMY,
August, 1934.
Pp. 14.




TUCKER, Rufus S.
Price fluctuations and the gold supply,
THE JOURNAL OF POLITICAL ECONOMY, Vol. 42, No. 4,
August, 1934, pp. 517-530.




Gold and prices

TUCKER, R. S.
Statistics of gold and prices, 17911932, REVIEW OF ECONOMIC STATISTICS,
February, 1934.
Pp. 3.




M
Prices
Wall, Norman J«
The world's gold and p r i c e s ,
t i n : -timerican
Banker's association Journal, September 1930, p #
184- )
Talk of gold famine and the failure of sup*
p l i e s from the mines i s g r o u n d l e s s The machine
ery for counteracting any tendency toward shortage
l i e s in the proper cooperation of c e n t r a l banks.




¥ARREN, G. F. and PEARSON, F. AThe statistical position of gold relative to
world prices and production, THE ANNALIST,
January 5f 1934*
Pp. A.




WAJVH-H

&F

Gyp/




rPtLV****

F/4

WARREN, G. F.
"Some s t a t i s t i c s on the gold situation."
AMERICAN ECONOMIC REVIEW, SUPPLEMENT, XXIV, March
1934, PP. 111-129.




WARREN, G. F. and PEARSON, F. A.
"The statistical position of gold relative to
world prices and production," THE ANNALIST,
January 5> 1934..
k pp.




WARRE&L, George F. and PEARSON, Frank A.
PRICES. New York: John Viley & Sons, Inc.,
1933. Pp. vi + 386.
Review: by C. 0. Hardy, JOURNAL OF POLITICAL ECONOMY,
Vol. 41, December, 1933, pp. 828-30.




gold supply and prices

WARREN, George F. and Frank PEARSON
PRICES* New York: John Wiley & Sons, Inc.,
1933.
386 Pp.
Review!
by C* 0. Hardy, JPE, v. 41, Dec. 1933, pp. 828-30,

Series of sketches on various aspects of the relationship between money, prices, production and distribution*
Aside from some tentative forecasts and lengthy discussion of social effects of price changes, the book is
mainly historical.
Central doctrine: (1) close relationship between the
world monetary gold supply and the price level, a
relationship disturbed since 1914 by changes in fiscal, monetary, and banking policy; (2) when general
prices are changing because of changing monetary
conditions, there result wide discrepancies between
prices of different goods and services, with consequential disturbance of pipductive activity and
*« *»i«+«_ income of different clashes.
shift*


WARREN, George F. and PEARSON, Frank A.
PRICES. Nev York: Viley, 1933. Pp. vi, 3S6.
Review: by F. C. Mills, AMERICAN ECONOMIC REVIEW,
XXIII, December, 1933, pp. 747-49.

Crux of their position: the price level is controlled
by the supply of and demand for gold; thet the
tie-up of commodity prices vith gold has been a primary cause of economic ills over a centryry.




¥AFREN, G. F. and PEARSON, F. A.
Physical volume of production of gold,
silver and other commodities, JOURNAL OF THE AMERICAN
STATISTICAL ASSOCIATION, SUPPLEMENT,
March, 1933.
Pp. 5.




WAPPEN, G. F. and PEARSON, F. A.
Relationship of gold t o p r i c e s ( d i s c u s s i o n by jj,W.
Kemmerer), JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, SUPPLEMENT, March, 1933.
Pp. 1 5 .




WHELDEN, C*H. Jr,
Gold, prices and prosperity: a reply to Dr*
Tucker on the commodity dollar, THE AHNALIST,
December 2% 1933*




Pp. 2.