Between the Dollar-Sterling Gold Points

Between the Dollar-Sterling Gold Points

Author: Lawrence H. Officer

Publisher: Cambridge University Press

Published: 2007-07-02

Total Pages: 372

ISBN-13: 9780521038218

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This book investigates US-UK monetary relations, 1791 to 1931. It presents and examines data on the exchange rate with emphasis on the institutional and legal aspects. It will serve as a Dollar-Sterling handbook for those interested in this important aspect of international monetary history.


Centres and Peripheries in Banking

Centres and Peripheries in Banking

Author: Even Lange

Publisher: Routledge

Published: 2016-12-05

Total Pages: 366

ISBN-13: 1351952935

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This volume presents a broad investigation into the relationship between the centre and the periphery in banking. Focusing on the historical development of financial markets, from their emergence in the early modern period to today's global financial and capital markets, the chapters investigate how local, national and international relationships have affected and helped shape the banking industry over three-hundred years. This wide-ranging discussion in time and place is provided by a group of international experts, encompassing bankers, economists, economic historians and historians, and will be of interest to all those with a scholarly or professional interest in the development of financial institutions.


Essays in Economic History

Essays in Economic History

Author: Lawrence H. Officer

Publisher: Springer Nature

Published: 2022-10-05

Total Pages: 544

ISBN-13: 3030959252

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This book is the culmination of and a collection of distinguished scholar Lawrence Officer’s principal research over 50 years of scholarly activity. The collection consists primarily of three topics on which the author has spent the major part of his research: purchasing power parity, standard of living, and monetary standards. There is also a unique chapter on economics and economic history in science fiction. This volume is ideal for academics, graduate and undergraduate students, and practitioners.


Integration of Commodity Markets in History

Integration of Commodity Markets in History

Author: Giovanni Federico

Publisher: Universidad de Sevilla

Published: 1998

Total Pages: 204

ISBN-13: 9788447204410

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Analiza la integración de los mercados de diferentes productos (café, trigo, carbón, algodón, patrón oro), y en su globalidad, en la Edad moderna y en la contemporánea.


Strained Relations

Strained Relations

Author: Michael D. Bordo

Publisher: University of Chicago Press

Published: 2015-03-02

Total Pages: 453

ISBN-13: 022605151X

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During the twentieth century, foreign-exchange intervention was sometimes used in an attempt to solve the fundamental trilemma of international finance, which holds that countries cannot simultaneously pursue independent monetary policies, stabilize their exchange rates, and benefit from free cross-border financial flows. Drawing on a trove of previously confidential data, Strained Relations reveals the evolution of US policy regarding currency market intervention, and its interaction with monetary policy. The authors consider how foreign-exchange intervention was affected by changing economic and institutional circumstances—most notably the abandonment of the international gold standard—and how political and bureaucratic factors affected this aspect of public policy.


Modern Perspectives on the Gold Standard

Modern Perspectives on the Gold Standard

Author: Tamim Bayoumi

Publisher: Cambridge University Press

Published: 1996

Total Pages: 432

ISBN-13: 0521571693

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Currency crises in Europe and Mexico during the 1990s provided stark reminders of the importance and the fragility of international financial markets. These experiences led some commentators to conclude that open international capital markets are incompatible with financial stability. But the pre-1914 gold standard is an obvious challenge to the notion that open capital markets are sources of instability. To deepen our understanding of how this system worked, this volume draws together recent research on the gold standard. Theoretical models are used to guide qualitative discussions of historical experience, while econometric methods are used to help the historical data speak clearly. The result is an overview of the gold standard, a survey of the relevant applied research in international macroeconomics, and a demonstration of how the past can help to inform the present.


Credibility and the International Monetary Regime

Credibility and the International Monetary Regime

Author: Michael D. Bordo

Publisher: Cambridge University Press

Published: 2012-04-09

Total Pages: 257

ISBN-13: 0521811333

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This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.


The Cambridge Economic History of the United States

The Cambridge Economic History of the United States

Author: Stanley L. Engerman

Publisher: Cambridge University Press

Published: 1996

Total Pages: 1046

ISBN-13: 9780521553070

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This three volume work offers a comprehensive survey of the history of economic activity and economic change in the United States, and in those regions whose economies have at certain times been closely allied to that of the US.


The Glitter of Gold

The Glitter of Gold

Author: Marc Flandreau

Publisher: Oxford University Press, USA

Published: 2004-03-04

Total Pages: 344

ISBN-13: 0199257868

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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.