2018-08-012024-05-13https://scholars.lib.ntu.edu.tw/handle/123456789/654089摘要：本研究計畫的目的，是要延伸兩位國際金融學者Barry Eichengreen以及Peter Temin所提出的金腳鐐（Golden Fetters）命題。Eichengreen (1992)與Temin (1989)所稱的金腳鐐，指的是1925年至1931年之間的金本位制度。他們指出，金本位制度（固定匯率制度），是當時導致大蕭條傳遞至全球的主要原因。本研究計畫的目的，則是要說明金本位制度對於物價以及產生的負面影響，事實上存在更早，可以追溯到1873年古典金本位建立初期，甚至更早到1717年。本研究計畫擬以英國在1717年因為牛頓的金銀比價定價錯誤而在實際上成為金本位國家，以及德國在1871年俾斯麥政策下採用金本位兩個歷史例證，說明採用金本位熱潮如何損害一國經濟。<br> Abstract: This research proposal extends the thesis of Golden Fetters, originally proposed by Barry Eichengreen and Peter Temin, two prominent scholars of international finance. Golden Fetters, as suggested by Eichengreen (1992) and Temin (1989), refers to the interwar gold standard that existed between 1925 and 1931. Eichengreen and Temin suggest that the interwar gold standard, which was a fixed exchange rate regime, transmitted the shocks of the Great Depression to the whole world. This research proposal suggests that monetary history provides further evidence that adoption of gold standard would introduce deflationary tendencies and have negative impact on economic activity. This research provides two additional historical episodes to illustrate how gold standard fever damaged a country’s economy. The first episode is Great Britain’s accidental adoption of a de facto gold standard in 1717, when Sir Isaac Newton, as master of the mint, set too low a gold price for silver, causing all silver coin to disappear from circulation. The second episode is Bismarck’s policy to turn Germany into a gold-standard country in 1871.匯率制度複本位金本位牛頓1717年之罪俾斯麥1871年之罪美國1873年之罪法國1873年之罪反事實模擬exchange rate regimebimetallic standardgold standardNewton`s Crime of 1717Bismarck`s Crime of 1871The US Crime of 1873The French Crime of 1873counterfactual simulation