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Was the Classical Gold Standard Credible on the Periphery? Evidence from Currrency Risk - CORRIGENDUM

Published online by Cambridge University Press:  16 December 2015

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Type
Correction
Information
The Journal of Economic History , Volume 75 , Issue 4 , December 2015 , pp. 1262
Copyright
Copyright © The Economic History Association 2015 

PANEL DATA ESTIMATES OF CURRENCY RISK

To understand the extent to which country-specific factors account for the observed variation in currency risk, we constructed a weekly panel dataset for the 21 borrowers over the sample period 1870–1914. We estimate the following equation:

(2)
\[ \begin{array} & CURRENCYRISK_{\text{it}} = \upalpha + \upbeta_{1} INTRASTATE_{\text{it}} + \upbeta_{2}INTERSTATE_{\text{it}}\\ &\quad + \upbeta_{3}INDIA_{\text{i}} + \upbeta_{4}CENTRALBANK_{\text{it}} + \upbeta_{5}STOCKMARKET_{\text{it}}\\ &\qquad\quad + \upbeta_{6}DEFAULT_{\text{it}} + \upbeta_{7} GOLD_{\text{it}} + \upgamma_{\text{i}} + \uplambda + \varepsilon_{\text{it}} \end{array} \

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