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Bimetallism: The "rules of the game"

  • Diebolt, Claude
  • Parent, Antoine

Based on historical evidence found in Juglar and Bonnet that over the Bimetallic period French and British central banks did co-operate when using their discount rates as policy instruments for currency stabilization, we test whether Bimetallism was a regulated system or not. Our revised story of Bimetallism contrasts the existing literature which identifies this regime as a self-equilibrating system, constrained by specie points.

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Article provided by Elsevier in its journal Explorations in Economic History.

Volume (Year): 45 (2008)
Issue (Month): 3 (July)
Pages: 288-302

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Handle: RePEc:eee:exehis:v:45:y:2008:i:3:p:288-302
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622830

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