Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
The authors compare the resumption of convertibility into gold by the United States in 1879 and Britain in 1925 to ascertain the degree to which the outcomes reflected differences in strategies adopted by the authorities or in the external environment. They conclude that external factors were the most important determinant of the very different outcomes of the two episodes. Copyright 1998 by Royal Economic Society.