{"id":"https://openalex.org/W2073484529","doi":"https://doi.org/10.1017/s0022050700019100","title":"Greenback-Gold Returns and Expectations of Resumption, 1862\u20131879","display_name":"Greenback-Gold Returns and Expectations of Resumption, 1862\u20131879","publication_year":1997,"publication_date":"1997-09-01","ids":{"openalex":"https://openalex.org/W2073484529","doi":"https://doi.org/10.1017/s0022050700019100","mag":"2073484529"},"language":"en","primary_location":{"id":"doi:10.1017/s0022050700019100","doi":"https://doi.org/10.1017/s0022050700019100","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s0022050700019100","pdf_url":null,"source":{"id":"https://openalex.org/S122073985","display_name":"The Journal of Economic History","issn_l":"0022-0507","issn":["0022-0507","1471-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","ki-jl-1","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Economic History","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://ageconsearch.umn.edu/record/273754","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5062770840","display_name":"Gregor W. Smith","orcid":"https://orcid.org/0000-0002-1566-7567","observed_orcids":["https://orcid.org/0000-0002-1566-7567"]},"institutions":[{"id":"https://openalex.org/I204722609","display_name":"Queen's University","ror":"https://ror.org/02y72wh86","country_code":"CA","type":"education","lineage":["https://openalex.org/I204722609"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Gregor W. Smith","raw_affiliation_strings":["Professor of Economics at Queen's University, Kingston, Ontario, Canada K7L 3N6","Professor of Economics at Queen's University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Professor of Economics at Queen's University, Kingston, Ontario, Canada K7L 3N6","institution_ids":["https://openalex.org/I204722609"]},{"raw_affiliation_string":"Professor of Economics at Queen's University","institution_ids":["https://openalex.org/I204722609"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5112334862","display_name":"R. Todd Smith","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]},{"id":"https://openalex.org/I154425047","display_name":"University of Alberta","ror":"https://ror.org/0160cpw27","country_code":"CA","type":"education","lineage":["https://openalex.org/I154425047"]}],"countries":["CA","US"],"is_corresponding":false,"raw_author_name":"R. Todd Smith","raw_affiliation_strings":["Economist in the Research Department, International Monetary Fund, Washington DC 20431 and Associate Professor of Economics at the University of Alberta","Washington DC 20431 and Associate Professor of Economics at the University of Alberta"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Economist in the Research Department, International Monetary Fund, Washington DC 20431 and Associate Professor of Economics at the University of Alberta","institution_ids":["https://openalex.org/I1310145890","https://openalex.org/I154425047"]},{"raw_affiliation_string":"Washington DC 20431 and Associate Professor of Economics at the University of Alberta","institution_ids":["https://openalex.org/I154425047"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":7.782,"has_fulltext":false,"cited_by_count":38,"citation_normalized_percentile":{"value":0.96946802,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"57","issue":"3","first_page":"697","last_page":"717"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9146000146865845,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9146000146865845,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10605","display_name":"Historical Economic and Social Studies","score":0.04989999905228615,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.010099999606609344,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/gold-standard","display_name":"gold standard","score":0.5379999876022339},{"id":"https://openalex.org/keywords/floating-exchange-rates","display_name":"exchange rate fluctuations","score":0.7940000295639038},{"id":"https://openalex.org/keywords/gold-price-volatility","display_name":"gold price volatility","score":0.5529999732971191},{"id":"https://openalex.org/keywords/civil-war","display_name":"civil war","score":0.5830000042915344},{"id":"https://openalex.org/keywords/gold-returns","display_name":"gold returns","score":0.44999998807907104},{"id":"https://openalex.org/keywords/united-states-monetary-history","display_name":"United States monetary history","score":0.7160000205039978}],"concepts":[{"id":"https://openalex.org/C2776034426","wikidata":"https://www.wikidata.org/wiki/Q397840","display_name":"Convertibility","level":3,"score":0.915931224822998},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6594115495681763},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5650596618652344},{"id":"https://openalex.org/C2780980743","wikidata":"https://www.wikidata.org/wiki/Q594063","display_name":"Floating exchange rate","level":3,"score":0.42501410841941833},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.42050641775131226},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.37561142444610596},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.31047773361206055},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.28064218163490295}],"mesh":[],"locations_count":8,"locations":[{"id":"doi:10.1017/s0022050700019100","doi":"https://doi.org/10.1017/s0022050700019100","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s0022050700019100","pdf_url":null,"source":{"id":"https://openalex.org/S122073985","display_name":"The Journal of Economic History","issn_l":"0022-0507","issn":["0022-0507","1471-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","ki-jl-1","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Economic History","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:ags:quedwp:273754","doi":null,"is_oa":false,"landing_page_url":"http://ageconsearch.umn.edu/record/273754/files/qed_wp_1255.pdf","pdf_url":"http://ageconsearch.umn.edu/record/273754/files/qed_wp_1255.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:qed:wpaper:1255","doi":null,"is_oa":false,"landing_page_url":"https://www.econ.queensu.ca/sites/econ.queensu.ca/files/qed_wp_1255.pdf","pdf_url":"https://www.econ.queensu.ca/sites/econ.queensu.ca/files/qed_wp_1255.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:ageconsearch.umn.edu:273754","doi":null,"is_oa":true,"landing_page_url":"http://ageconsearch.umn.edu/record/273754","pdf_url":null,"source":{"id":"https://openalex.org/S4306401616","display_name":"AgEcon Search (University of Minnesota, USA)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210120349","host_organization_name":"University of Minnesota Rochester","host_organization_lineage":["https://openalex.org/I4210120349"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://ageconsearch.umn.edu/record/273754","raw_type":"Text"},{"id":"mag:3122221705","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:qed:wpaper:1255","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:cup:jechis:v:57:y:1997:i:03:p:697-717_01","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S0022050700019100/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/67830","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/67830","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"doi:10.22004/ag.econ.273754","doi":"https://doi.org/10.22004/ag.econ.273754","is_oa":true,"landing_page_url":"https://doi.org/10.22004/ag.econ.273754","pdf_url":null,"source":{"id":"https://openalex.org/S4306401616","display_name":"AgEcon Search (University of Minnesota, USA)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210120349","host_organization_name":"University of Minnesota Rochester","host_organization_lineage":["https://openalex.org/I4210120349"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"pmh:oai:ageconsearch.umn.edu:273754","doi":null,"is_oa":true,"landing_page_url":"http://ageconsearch.umn.edu/record/273754","pdf_url":null,"source":{"id":"https://openalex.org/S4306401616","display_name":"AgEcon Search (University of Minnesota, USA)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210120349","host_organization_name":"University of Minnesota Rochester","host_organization_lineage":["https://openalex.org/I4210120349"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://ageconsearch.umn.edu/record/273754","raw_type":"Text"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","score":0.550000011920929,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W358016813","https://openalex.org/W429355870","https://openalex.org/W619396207","https://openalex.org/W640283969","https://openalex.org/W935394386","https://openalex.org/W1486253757","https://openalex.org/W1572930125","https://openalex.org/W1591398478","https://openalex.org/W1607472349","https://openalex.org/W1738483749","https://openalex.org/W1834080317","https://openalex.org/W1970833830","https://openalex.org/W1976266265","https://openalex.org/W1976586404","https://openalex.org/W1982750977","https://openalex.org/W2003815222","https://openalex.org/W2009921059","https://openalex.org/W2013446303","https://openalex.org/W2044054196","https://openalex.org/W2045482870","https://openalex.org/W2070614192","https://openalex.org/W2104870595","https://openalex.org/W2134975537","https://openalex.org/W2137115924","https://openalex.org/W2138326921","https://openalex.org/W2171104135","https://openalex.org/W2234185966","https://openalex.org/W2320306962","https://openalex.org/W2328133102","https://openalex.org/W2330627064","https://openalex.org/W2800301215","https://openalex.org/W3121144117","https://openalex.org/W3121451334","https://openalex.org/W4237188788","https://openalex.org/W4249593647","https://openalex.org/W4289257895","https://openalex.org/W4302152934","https://openalex.org/W6674670406","https://openalex.org/W6680510923"],"related_works":["https://openalex.org/W3121669402","https://openalex.org/W4241366250","https://openalex.org/W7097764855","https://openalex.org/W2028114379","https://openalex.org/W2482005534","https://openalex.org/W2889992070","https://openalex.org/W7096276753","https://openalex.org/W7071634379","https://openalex.org/W2103944889","https://openalex.org/W1030750192"],"abstract_inverted_index":{"This":[0,45],"article":[1],"proposes":[2],"a":[3,26,31,72],"unified":[4],"framework":[5],"for":[6,52,89],"studying":[7],"the":[8,12,41,53,57,64,75,81,90],"greenback-gold":[9],"price":[10,22],"during":[11,61],"U.S.":[13],"suspension":[14],"of":[15,40,43,59,71,77,84,92,94],"convertibility":[16],"from":[17],"1862":[18],"to":[19],"1879.The":[20],"gold":[21,36,78],"is":[23,47,67],"viewed":[24],"as":[25],"floating":[27],"exchange":[28],"rate,":[29],"with":[30],"fixed":[32],"destination":[33],"given":[34],"by":[35],"standard":[37],"parity":[38],"because":[39],"prospect":[42],"resumption.":[44,95],"perspective":[46],"tested":[48],"using":[49],"daily":[50],"data":[51],"entire":[54],"period,":[55],"and":[56,62],"effect":[58],"news":[60],"after":[63,80],"Civil":[65],"War":[66],"measured.":[68],"New":[69],"evidence":[70],"decline":[73],"in":[74],"volatility":[76],"returns":[79],"Resumption":[82],"Act":[83],"1875":[85],"provides":[86],"statistical":[87],"support":[88],"importance":[91],"expectations":[93]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2017,"cited_by_count":5},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}