Trade and U.S. Gold Reserves during the Classical Gold Standard Era
Wen, Yi; Reinbold, Brian (2020-08-31)
During the period from around 1870 to the outbreak of World War I, changes in a nation’s gold reserves were closely linked to changes in its trade balances.
On the Economy

Trade and Gold Reserves after the Demise of the Classical Gold Standard
Wen, Yi; Reinbold, Brian (2020-09-01)
After the early 1920s, the relationship between gold reserves and trade flows was tenuous at best as the international payments system experienced heightened uncertainty and significant change.
On the Economy