Current Scholarship
Gold Clauses in the Capital Markets of the Early Twentieth Century

David Fox, University of Edinburgh

This paper scratches beneath the doctrinal analysis of gold clauses to the commercial and political purposes served by such clauses. It considers gold-clause contracts as historical instances of the early international bond markets in operation, and the litigation over them as one reaction to the financial instability of the era.
More Current Scholarship
Gold Clauses in the Capital Markets of the Early Twentieth Century