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Keywords:Silver 

Working Paper
The crime of 1873: back to the scene

Milton Friedman's (1990) counterfactual analysis of what would have happened if the United States had not abandoned bimetallism in 1873 is revisited in a general equilibrium model of bimetallism. I find that bimetallism would have survived and the gold-silver ratio would have remained stable for another twenty years. If countries such as India that abandoned silver because of its depreciation are assumed not to, bimetallism survives to World War I. But the United States would have experienced a sharp bout of inflation in the early 20th century, although milder if India stays on silver.
Working Paper Series , Paper WP-02-29

Working Paper
National bank notes and silver certificates

From 1883 to 1892, the circulation of national bank notes in the United States fell nearly 50 percent. Previous studies have attributed this to supply-side factors that led to a decline in the profitability of note issue during this period. This paper provides an alternative explanation. The decline in note issue was, in large part, demand-driven. The presence of a competing currency with superior features caused the public to substitute away from national bank notes.
Working Papers (Old Series) , Paper 0622

Monograph
Silver, end of an era

Monograph , Paper 18

Journal Article
Why silver?

FRBSF Economic Letter

Journal Article
Not-so-precious metal

FRBSF Economic Letter

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