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When Economists “Tell Histories” : the Truncated Story of Central Banks’ Cooperation over the Bimetallic Period


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  • Parent Antoine


In this article, we assess the meaning of the controversies about the French and British central banks’ solidarity over the bimetallic period (1850-1870). Our purpose is to highlight how historical case studies can become the instrument of a distorted economic view. In the main stream literature, the argument of the discount rates correlation is turned into rivalry between the two issuing institutions. This view omits the reading of Bimetallism as a coordinated discount rate policy of the French and British central banks and supports bimetallism as a self-equilibrating system.

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Article provided by Association Française de Cliométrie (AFC) in its journal Historical Social Research (Section 'Cliometrics').

Volume (Year): 33 (2008)
Issue (Month): 4 ()
Pages: 264-273

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Handle: RePEc:afc:histor:v:33:y:2008:i:4:p:264-273

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