A History of the Latin Monetary Union PDF Download

Author: Henry Parker Willis
Publisher: Chicago : University of Chicago Press
ISBN:
Category : Bimetallism
Languages : en
Pages : 388

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Author: Kenneth H. F. Dyson
Publisher: Longman Publishing Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

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This study is concerned with the policy process by which the movement towards closer monetary integration, and the still very uncertain objective of EMU, has been shaped and guided. It asks how this process might be described, and how its emergence and development be can explained.

Author: Luca Einaudi
Publisher:
ISBN: 9780199243662
Category : Business & Economics
Languages : en
Pages : 264

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This is a detailed study of a little-known attempt to create monetary union throughout the whole of Europe in the late nineteenth century. It explores political, diplomatic, and economic aspects of the Latin Monetary Union between 1865 and 1873. Areas such as the debate between economists and the public, and the daily operations, conflicts of interest, and power struggles between national banks and governments in the age of Gladstone, Napoleon III, and Bismarck are examined.

Author: John Pinder
Publisher: Oxford University Press, USA
ISBN: 0199681694
Category : Business & Economics
Languages : en
Pages : 209

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John Pinder and Simon Usherwood explain the EU in plain readable English. They show how and why it has developed, how the institutions work, and what it does - from the single market to the euro, and from agriculture to the environment.

Author: Eric Helleiner
Publisher: Cornell University Press
ISBN: 1501720724
Category : Political Science
Languages : en
Pages : 290

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Why should each country have its own exclusive currency? Eric Helleiner offers a fascinating and unique perspective on this question in his accessible history of the origins of national money. Our contemporary understandings of national currency are, Helleiner shows, surprisingly recent. Based on standardized technologies of production and extraction, territorially exclusive national currencies emerged for the first time only during the nineteenth century. This major change involved a narrow definition of legal tender and the exclusion of tokens of value issued outside the national territory. "Territorial currencies" rapidly became bound up with the rise of national markets, and money reflected basic questions of national identity and self-presentation: In what way should money be managed to serve national goals? Whose pictures should go on the banknotes? Helleiner draws out the potent implications of this largely unknown history for today's context. Territorial currencies face challenges from many monetary innovations—the creation of the euro, dollarization, the spread of local currencies, and the prospect of privately issued electronic currencies. While these challenges are dramatic, the author argues that their significance should not be overstated. Even in their short historical life, territorial currencies have never been as dominant as conventional wisdom suggests. The future of this kind of currency, Helleiner contends, depends on political struggles across the globe, struggles that echo those at the birth of national money.

Author: Henry Parker Willis
Publisher:
ISBN:
Category :
Languages : en
Pages : 64

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Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 324

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Author: Ernst Baltensperger
Publisher: Cambridge University Press
ISBN: 1108191444
Category : Business & Economics
Languages : en
Pages : 267

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This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter Kugler use Swiss monetary history to provide valuable insights into a number of issues concerning the organization and development of monetary institutions and currency that shaped the structure of financial markets and affected the economic course of a country in important ways. They investigate a number of topics, including the functioning of a world without a central bank, the role of competition and monopoly in money and banking, the functioning of monetary unions, monetary policy of small open economies under fixed and flexible exchange rates, the stability of money demand and supply under different monetary regimes, and the monetary and macroeconomic effects of Swiss Banking and Finance. Swiss Monetary History since the Early 19th Century illustrates the value of monetary history for understanding financial markets and macroeconomics today.

Author: Mr.Johannes Wiegand
Publisher: International Monetary Fund
ISBN: 1498301223
Category : Business & Economics
Languages : en
Pages : 28

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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.

Author: Warner Max Corden
Publisher: Princeton, N.J. : International Finance Section, Princeton University
ISBN:
Category : Business & Economics
Languages : en
Pages : 58

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