caa a22 4500 38806952X CHVBK 20180307125143.0 cr unu---uuuuu 161130e199909 xx s 000 0 eng 10.1017/S0022050700023512 doi S0022050700023512 pii (NATIONALLICENCE)cambridge-10.1017/S0022050700023512 To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression [Elektronische Daten] This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises helped propagate the Great Depression, in part, by increasing uncertainty. Copyright © The Economic History Association 1999 Ferderer J. Peter Associate Professor, Department ofEconomics, Macalester College, 1600 Grand Avenue, Saint Paul MN 55105. E-mail: ferderer@macalester.edu. Zalewski David A. Associate Professor of Finance, Koffler Hall, Providence College, River Avenue, Providence RI 02198. E-mail: zalewski@providence.edu. The Journal of Economic History Cambridge University Press 59/3(1999-09), 624-658 0022-0507 59:3<624 1999 59 JEH https://doi.org/10.1017/S0022050700023512 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0022050700023512 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Ferderer J. Peter Associate Professor, Department ofEconomics, Macalester College, 1600 Grand Avenue, Saint Paul MN 55105. E-mail: ferderer@macalester.edu NATIONALLICENCE 700 1- Zalewski David A. Associate Professor of Finance, Koffler Hall, Providence College, River Avenue, Providence RI 02198. E-mail: zalewski@providence.edu NATIONALLICENCE 773 0- The Journal of Economic History Cambridge University Press 59/3(1999-09), 624-658 0022-0507 59:3<624 1999 59 JEH CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge