Monetary Policy Under the International Gold Standard: 1880-1914 PDF Download

Author: Arthur Irving Bloomfield
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 72

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Author: Arthur Irving Bloomfield
Publisher:
ISBN:
Category :
Languages : en
Pages : 62

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Author: Giulio M. Gallarotti
Publisher: Oxford University Press
ISBN: 0195358236
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
Widely considered the crowning achievement in the history of international monetary relations, the classical gold standard (1880-1914) has long been treated like a holy relic. Its veneration, however, has done more to obscure than to reveal the actual nature of the era's monetary system. In The Anatomy of an International Monetary Regime, Giulio M. Gallarotti addresses the nature of the classical gold standard in its international context, offering the first comprehensive and systematic treatment of the subject. Three fundamental questions are essential to the discussion: How did the regime originate? How did it work? Why did it persist? Gallarotti uses an interdisciplinary approach that draws upon politics, economics, and ideology to explain the answers. He challenges traditional assumptions about the period, arguing that cooperation among nations or central banks was not a principal factor in either the origin or stability of the system, and that neither the British state nor the Bank of England were the leaders or managers of the gold standard. Rather, a decentralized process involving the status of gold, industrialization and economic development, the politics of gold, and liberal economic ideology provided converging incentives for starting and maintaining the system. Gallarotti's study presents the most comprehensive and interdisciplinary examination available of the nature of monetary relations in the four decades before World War I. His important, revisionist view will alter the way we think about a crucial period in the growth of the international monetary system. It will be essential reading for scholars and students of economic history and policy.

Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 0521030420
Category : Business & Economics
Languages : en
Pages : 413

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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.

Author: Kenneth Mouré
Publisher: OUP Oxford
ISBN: 019155457X
Category : Business & Economics
Languages : en
Pages : 312

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Economic historians have established a new orthodoxy attributing the onset and severity of the Great Depression to the flawed workings of the international gold standard. This interpretation returns French gold policy to centre stage in understanding the origins of the Depression, its rapid spread, its severity and its duration. The Gold Standard Illusion exploits new archival resources to test how well this gold standard interpretation of the Great Depression is sustained by historical records in France, the country most often criticized for hoarding gold and failure to play by the rules of the gold standard game. The study follows four lines of inquiry, providing a history of French gold policy in its national and international contexts from 1914 to 1939, an analysis of the evolution of the Bank of France during this period and the degree to which gold standard belief retarded the adoption of modern central banking practice, a re-examination of interwar central bank cooperation in the period and its role in the breakdown of the gold standard, and a study of how gold standard rhetoric fostered misperceptions of financial and monetary problems. The French case was exceptional, marked by absolute and tenacious faith in the gold standard, by the import and accumulation of a vast hoard of gold desperately needed as reserves to prevent monetary contraction abroad, and by adamant claims for the need to return to gold after most countries had left the gold standard, which had become, in the words of John Maynard Keynes, 'a curse laid upon the economic life of the world'. The Gold Standard Illusion explains French gold standard belief and policy, the impact of French policy at home and abroad, and reassesses the gold standard interpretation of the Great Depression in the light of French experience.

Author: M. Panic
Publisher: Springer
ISBN: 134913452X
Category : Business & Economics
Languages : en
Pages : 182

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Provides an analysis of the classical gold standard (1880-1914) - the nearest historical equivalent to what EC countries are attempting to do - in order to examine critically these and other issues raised in the debate. Problems are highlighted that need to be solved before EMU becomes viable.

Author: Ian M. Drummond
Publisher: Houndmills, Basingstoke, Hampshire : Macmillan Education
ISBN:
Category : Business & Economics
Languages : en
Pages : 76

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Author: Arthur Irving Bloomfield
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 128

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Author: Alec George Ford
Publisher: Oxford : Clarendon Press
ISBN:
Category : Currency question
Languages : en
Pages : 220

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Author: Gustav Cassel
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 304

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