Régimes monétaires, points d'or et " serpent bimétallique " de 1770 à 1870

Boyer-Xambeu, Marie-Thérèse; Deleplace, Ghislain; Gillard, Lucien

doi:10.2307/3502254

Cited by 8 publications

(2 citation statements)

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“…In the presence of autocorrelation and heteroskedasticity, as it the case here, each seg- The Bank Restriction Act would have expired six months afterwards, and the Bank of England had signaled its readiness to resume convertibility at several occasions (Clapham, 1944;Newby, 2012). 17 At the announcement of these to Britain favorable events, 18 the agio decreased.…”

Section: Some Econometricsmentioning

confidence: 77%

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How Fiscal Policy Affects the Price Level: Britain's First Experience with Paper Money

Antipa

2014

SSRN Journal

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Section: Some Econometricsmentioning

confidence: 77%

“…The battles of Marengo (14 June 1800) and Hohenlinden (3 December 1800) sealed Austria's defeat, leaving the British as the only army opposing France 17. It was the government that had urged Parliament to extend the Act several times, until a new war would put an end to the discussions about the early resumption in April 1803.…”

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confidence: 99%

How Fiscal Policy Affects the Price Level: Britain's First Experience with Paper Money

Antipa

2014

SSRN Journal

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Before and after the euro: Strategies for sound money in the 21st century

Nataf

2002

Quart J Austrian Econ

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Market Integration in the Golden Periphery: The Lisbon/ London Exchange, 1854-1891

2007

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The existence of a self-regulating arbitrage mechanism under the gold standard has been traditionally considered as one of its main advantages, and attracted a corresponding research interest. This research is arguably relevant not only to test for the efficiency of the "gold points", but also to study the evolution of financial integration during the so-called first era of globalization. Our first aim with this paper is to contribute to the enlargement of the scope of the literature by considering the case of Portugal that adhered to the system, in 1854, at a much earlier phase than the majority of countries, thus allowing for a broader perspective on the evolution of the efficiency of the foreign exchange market. As a typical "peripheral" country, Portugal can be used as the starting point for a study of the degree of integration of the periphery within the system. Furthermore, the Portuguese exchange also illustrates the role in practice of large players in sustaining currency stability, over and beyond the atomistic forces of arbitrage and speculation assumed in conventional theoretical frameworks. We also address the question of the credibility of the authorities' commitment to the standard, through the perspective of the target zone literature.

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Régimes monétaires, points d'or et " serpent bimétallique " de 1770 à 1870

Cited by 8 publications

References 0 publications

How Fiscal Policy Affects the Price Level: Britain's First Experience with Paper Money

How Fiscal Policy Affects the Price Level: Britain's First Experience with Paper Money

Before and after the euro: Strategies for sound money in the 21st century

Market Integration in the Golden Periphery: The Lisbon/ London Exchange, 1854-1891

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