![AdobeStock_311561268.jpeg](/sites/default/files/styles/16_9_small/public/voxeu-cover-image/AdobeStock_311561268.jpeg?itok=Gxu5c6Wu)
VoxEU Column
Leverage risk and investment: The case of gold clauses in the 1930s
-
![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Economic history ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Financial Regulation and Banking