Author: Horace Bartine
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 490

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Book Description

Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 426

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Book Description

Author: Ted Wilson
Publisher: Routledge
ISBN: 135172567X
Category : History
Languages : en
Pages : 185

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Book Description
This title was first published in 2000. This is a history of the monetary developments in the international economy of the 19th century. It reviews the monetary developments in the core economies of the period: Britain, the United States, France, Germany, and also India. Particular attention is given to the expansion of the gold standard in the context of the intense national and international debates about the role of precious metals and the author also examines the conflict between supporters of gold, silver and bimetallism, both in terms of competing financial and economic theories and in terms of the varying social and cultural backgrounds that informed them. The main thrust of the work is that the sheer plurality of ideas and contexts helped to ensure the eventual victory of the gold standard, despite the inherent superiority of bimetallic systems.

Author: James Laurence Laughlin
Publisher:
ISBN:
Category :
Languages : en
Pages : 426

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Book Description

Author: Richard Pennefather Rothwell
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 76

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Book Description

Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 386

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Book Description

Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 324

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Book Description

Author: Marc Flandreau
Publisher: Oxford University Press, USA
ISBN: 0199257868
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
This book studies the so far unexplored operation of the international monetary system that prevailed before the emergence of the international gold standard in 1873. Conventional wisdom has it that the emergence of gold as a global anchor was both an inescapable and desirable evolution, given the exchange rate stability it provided and Britain's economic predominance.This study draws on a wealth of archival sources and abundant new statistical evidence (fully detailed in the appendix) to demonstrate that global exchange rate stability always prevailed before the making of the gold standard. This was despite the heterogeneity among national monetary regimes, based on gold, silver, or both.The reason for the stability before the establishment of the gold standard is France's bimetallic system. France, by being in a position to trade gold for silver, and vice versa, effectively pegged the exchange rate between gold and silver at its legal ratio of 15.5. Part I of the book studies exactly how this mechanism worked. Part II focuses on the respective behaviour of private concerns and arbitrageurs on the one hand, and authorities such as the Bank of France on the other hand, in orderto underline the constraints and opportunities that were associated with bimetallism as an international regime. Finally, Part III provides a new view on the collapse of bimetallism and its replacement by a gold standard. It is argued that bimetallism might well have survived, and that the emergenceof the gold standard was by no means inescapable. Rather, it resulted from a massive coordination failure at both national and international levels - a failure that was a preview of the interwar collapse of the gold standard.

Author: Daniel Reaves Goodloe
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 0

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Book Description

Author: National Bi-metallic Coinage Association
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 42

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Book Description