Early Forward Exchange Markets, Vienna, 1876-1914

Resource Type
Dataset : Survey and aggregate data
  • Komlos, John
Publication Date
  • ZA:
    • Historical Studies Data
  • Abstract

    This study deals with the establishment of the Austro-Hungarian currency exchange zone between 1896 and 1914 (at the times of the Austro-Hungarian dual monarchy). The exchange rate for both currencies was decreased. This policy leaded to economic stability and to a decrease of interest rate growth. Topics: - Average spot exchange rates (average from money and commodities) - Spot exchange rates of money - Average forward exchange rate (average from money and commodities in the previous month) - Forward exchange rate of money - Average expected currency devaluation (on an annual basis, in percent) - Vienna´s internal rate of return (minimum, maximum) - Vienna´s official rate - Berlin: official free market rate
Temporal Coverage
  • 1876 / 1914
Geographic Coverage
  • Vienna (AT-9)
Collection Mode
  • Evaluation of data on exchange rates and on forward rates from the following sources: Archive of the Vienna stock exchange AG: - Vienna exchange chamber ‘Coursblätter’ - Official ‘Coursblätter’ from the Vienna stock exchange Newspapers: - Deutscher Ökonomist (German Economist) - Frankfurter Zeitung (Frankfurt´s newspaper) - Wiener Zeitung (Viennese Newspaper) - Neue Freie Presse (New free press) - The Economist
Data and File Information
  • Unit Type: Text Unit
    Number of Units: 12
    Number of Variables: 545
A - Data and documents are released for academic research and teaching.
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Alternative Identifiers
  • ZA8223 (Type: ZA-No.)
  • Marc Fandreau; John Komlos (2006): Target Zones in Theory and History: Credibility, Efficiency, and Policy Autonomy. In: Journal of Monetary Economics. Vol. 53, Issue 8, pp. 1979-1995.

Update Metadata: 2021-04-07 | Issue Number: 87 | Registration Date: 2010-07-23