Author: William Joseph WalshPublisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 130
Book Description
Bimetallism and Monometallism: what They Are, and how They Bear Upon the Irish Land Question
Author: William Joseph WalshPublisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 130
Book Description
Bimetallism and monometallism
Author: William John WalshBimetallism and Monometallism
Author: William Joseph WalshPublisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 90
Book Description
The History of Bimetallism in the United States
Author: James Laurence LaughlinPublisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 324
Book Description
Coin's Financial School
Author: William Hope HarveyPublisher:
ISBN:
Category : Silver question
Languages : en
Pages : 200
Book Description
Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s
Author: Mr.Johannes WiegandPublisher: International Monetary Fund
ISBN: 1498301223
Category : Business & Economics
Languages : en
Pages : 28
Book Description
In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.
Monetary Regimes in Transition
Author: Michael D. BordoPublisher: Cambridge University Press
ISBN: 0521030420
Category : Business & Economics
Languages : en
Pages : 413
Book Description
This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay particular emphasis on how the regimes fared when placed under stress such as wars and or other changes in the economic environment. Covering the experience of ten countries over the period 1700SH1990, the book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed.
Gunton's Magazine of American Economics and Political Science
Author: A Plan for Supplying an Ample Volume of Currency, Protecting Our Industries and Resuming Specie Payments Without Contracting the Currency
Author: Benjamin BannanPublisher:
ISBN:
Category : Currency question
Languages : en
Pages : 654
Book Description
Bimetallism and Protection Inseparable
Author: Wharton BarkerPublisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 32
Book Description