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Marc Flandreau

Citations

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Barry Eichengreen & Marc Flandreau, 2010. "The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39," BIS Working Papers 328, Bank for International Settlements.

    Mentioned in:

    1. Donald Trump, Treasury Debt and the Dollar
      by Stephen G. Cecchetti in Huffington Post Business on 2016-05-24 09:01:07
    2. To RMB or not to RMB? Lessons from Currency History
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-08-18 15:42:16

    Mentioned in:

    1. A History Lesson for Scotland
      by Carola Binder in Noahpinion on 2013-11-27 10:05:00
  2. Marc Flandreau & Norbert Gaillard & Frank Packer, 2010. "To err is human: rating agencies and the interwar foreign government debt crisis," BIS Working Papers 335, Bank for International Settlements.

    Mentioned in:

    1. Ideen und Interessen
      by Tobias Straumann in Never mind the markets on 2012-07-31 09:00:32
  3. Marc Flandreau, 2001. "The Bank, the States, and the Market: An Austro-Hungarian Tale for Euroland, 1867-1914," Working Papers 43, Oesterreichische Nationalbank (Austrian Central Bank).

    Mentioned in:

    1. A History Lesson for Scotland
      by Carola Binder in Noahpinion on 2013-11-27 10:05:00
  4. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2006. "The Bell Jar: Commercial Interest Rates between Two Revolutions, 1688-1789," CEPR Discussion Papers 5940, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. Flandreau M. et al. (2009) The question was not how to develop finance
      by Ben in Economic History Blog on 2009-08-30 14:36:00
  5. Eichengreen, Barry & Flandreau, Marc, 2009. "The rise and fall of the dollar (or when did the dollar replace sterling as the leading reserve currency?)," European Review of Economic History, Cambridge University Press, vol. 13(3), pages 377-411, December.

    Mentioned in:

    1. Der langsame Abschied vom Dollar
      by Tobias Straumann in Never mind the markets on 2014-01-27 10:00:42
    2. To RMB or not to RMB? Lessons from Currency History
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-08-18 15:42:16

Working papers

  1. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.

    Cited by:

    1. HANNAH, Leslie, 2018. "Corporate Governance, Accounting Transparency and Stock Exchange Sizes in Germany, Japan and “Anglo-Saxon” Economies, 1870-1950," Discussion paper series HIAS-E-77, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    2. Giselle Datz, 2021. "Ties that bind and blur: financialization and the evolution of sovereign debt as private contract," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 571-587, December.

  2. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.

    Cited by:

    1. Donato Masciandaro & Davide Romelli, 2017. "Twin Peaks And Central Banks: Economics, Political Economy And Comparative Analysis," BAFFI CAREFIN Working Papers 1768, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    2. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    3. Garriga, Ana Carolina & Gavin, Michael A., 2025. "Influence by omission: The IMF’s lending capacity and central bank design," MPRA Paper 125739, University Library of Munich, Germany.
    4. Clemens Jobst & Kilian Rieder, 2023. "Supervision without regulation: Discount limits at the Austro–Hungarian Bank, 1909–13," Economic History Review, Economic History Society, vol. 76(4), pages 1074-1109, November.
    5. Halit Gonenc & Bert Scholtens, 2019. "Responsibility and Performance Relationship in the Banking Industry," Sustainability, MDPI, vol. 11(12), pages 1-49, June.
    6. Alves, Nuno & Bonfim, Diana & Soares, Carla, 2021. "Surviving the perfect storm: The role of the lender of last resort☆," Journal of Financial Intermediation, Elsevier, vol. 47(C).
    7. Sabine Schneider, 2022. "The politics of last resort lending and the Overend & Gurney crisis of 1866," Economic History Review, Economic History Society, vol. 75(2), pages 579-600, May.
    8. Marco Fruzzetti & Giulio Gariano & Gerardo Palazzo & Antonio Scalia, 2021. "From SMP to PEPP: a further look at the risk endogeneity of the Central Bank," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 11, Bank of Italy, Directorate General for Markets and Payment System.
    9. Tatiana Didier & Federico Huneeus & Mauricio Larraín & Sergio L. Schmukler, 2020. "Financing Firms in Hibernation during the COVID-19 Pandemic," Working Papers Central Bank of Chile 880, Central Bank of Chile.
    10. Acharya, Viral V. & Thakor, Anjan V., 2016. "The dark side of liquidity creation: Leverage and systemic risk," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 4-21.
    11. Kilian Rieder & Michael Anson & David Bholat & Miao Kang & Ryland Thomas, 2018. "Frosted glass or raised eyebrow? Testing the Bank of England’s discount window policies during the crisis of 1847," Working Papers 18020, Economic History Society.
    12. Chwieroth, Jeffrey M. & Walter, Andrew, 2022. "Neoliberalism and banking crisis bailouts: distant enemies or warring neighbors?," LSE Research Online Documents on Economics 111871, London School of Economics and Political Science, LSE Library.
    13. Mike Anson & David Bholat & Miao Kang & Kilian Rieder & Ryland Thomas, 2019. "The Bank of England and central bank credit rationing during the crisis of 1847: frosted glass or raised eyebrows?," Bank of England working papers 794, Bank of England.
    14. Richtmann, Mathis L. & Steininger, Lea, 2023. "From Bazooka to Backstop: The Political Economy of Standing Swap Facilities," Department of Economics Working Paper Series 334, WU Vienna University of Economics and Business.
    15. Claudio Borio, 2019. "On money, debt, trust and central banking," BIS Working Papers 763, Bank for International Settlements.
    16. Sabaté, Marcela & Fillat, Carmen & Escario, Regina, 2019. "Budget deficits and money creation: Exploring their relation before Bretton Woods," Explorations in Economic History, Elsevier, vol. 72(C), pages 38-56.
    17. Bignon, Vincent & Avaro, Maylis, 2019. "At Your Service! Liquidity Provision and Risk Management in 19th Century France," CEPR Discussion Papers 13556, C.E.P.R. Discussion Papers.

  3. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.

    Cited by:

    1. Esteves Rui Pedro & Tunçer Ali Coşkun, 2016. "Eurobonds Past and Present: A Comparative Review on Debt Mutualization in Europe," Review of Law & Economics, De Gruyter, vol. 12(3), pages 659-688, November.
    2. Pierre-Cyrille Hautcoeur & Amir Rezaee & Angelo Riva, 2018. "Competition among Securities Markets," Working Papers halshs-01863942, HAL.

  4. Marc Flandreau & Stefano Ugolini, 2014. "The Crisis of 1866," IHEID Working Papers 10-2014, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    2. Clemens Jobst & Kilian Rieder, 2016. "Principles, circumstances and constraints: the Nationalbank as lender of last resort from 1816 to 1931," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 140-162.
    3. Stefano Ugolini, 2014. "Comment on: “Floating a “lifeboat”: The Banque de France and the crisis of 1889” by P.C. Hautcoeur, A. Riva, and E.N. White," Post-Print hal-01293759, HAL.
    4. Mike Anson & David Bholat & Miao Kang & Ryland Thomas, 2017. "The Bank of England as Lender of Last Resort: New historical evidence from daily transactional data," Working Papers 0117, European Historical Economics Society (EHES).
    5. Frederic S. Mishkin & Eugene N. White, 2014. "Unprecedented Actions: The Federal Reserve’s Response to the Global Financial Crisis in Historical Perspective," NBER Working Papers 20737, National Bureau of Economic Research, Inc.
    6. del Río, Fernando & Lores, Francisco-Xavier, 2023. "Accounting for Spanish economic development 1850-2019," MPRA Paper 116025, University Library of Munich, Germany.
    7. Laurence Alan Krause, 2019. "Walter Bagehot’s Lombard Street: An Interpretation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(4), pages 572-580, December.

  5. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Accominotti, Olivier & Lucena-Piquero, Delio & Ugolini, Stefano, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," LSE Research Online Documents on Economics 107104, London School of Economics and Political Science, LSE Library.
    2. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.

  6. Marc Flandreau, 2013. "Collective Action Clauses before they had Airplanes: Bondholder Committees and the London Stock Exchange in the 19th Century (1827-1868)," IHEID Working Papers 01-2013, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Kim Oosterlinck, 2013. "Sovereign Debt Defaults: Insights from History," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 29(4), pages 697-714.
    2. Graciela Laura Kaminsky & Pablo Vega-Garcia, 2016. "Systemic and Idiosyncratic Sovereign Debt Crises," Working Papers 2016-27, The George Washington University, Institute for International Economic Policy.
    3. Anna Gelpern, 2013. "Sovereign Damage Control," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(03), pages 10-15, October.
    4. Kaminsky, Graciela & Vega-Garcia, Pablo, 2015. "Systemic and Idiosyncratic Sovereign Debt Crises," MPRA Paper 65996, University Library of Munich, Germany.
    5. Anna Gelpern, 2013. "Sovereign Damage Control," Policy Briefs PB13-12, Peterson Institute for International Economics.

  7. Marc Flandreau & Stefano Ugolini, 2013. "Where It All Began: Lending of Last Resort and Bank of England Monitoring During the Overend-Gurney Panic of 1866," Post-Print hal-01293916, HAL.

    Cited by:

    1. Agostino, Mariarosaria & Errico, Lucia & Rondinella, Sandro & Trivieri, Francesco, 2022. "On the response to the financial crisis of 1914: The Bank of England's discount policy," Research in Economics, Elsevier, vol. 76(4), pages 290-307.
    2. Pamfili Antipa & Vincent Bignon, 2018. "Whither Economic History? : Between Narratives and Quantification," Working Papers hal-03393148, HAL.
    3. Accominotti, Olivier & Ugolini, Stefano, 2019. "International Trade Finance From the Origins to the Present: Market Structures, Regulation, and Governance," CEPR Discussion Papers 13661, C.E.P.R. Discussion Papers.
    4. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    5. Hautcoeur, Pierre-Cyrille & Riva, Angelo & White, Eugene N., 2014. "Floating a “lifeboat”: The Banque de France and the crisis of 1889," Journal of Monetary Economics, Elsevier, vol. 65(C), pages 104-119.
    6. Barry Eichengreen, 2014. "International Currencies Past, Present and Future: Two Views from Economic History," Working Papers 2014-31, Economic Research Institute, Bank of Korea.
    7. Olivier Accominotti & Delio Lucena‐Piquero & Stefano Ugolini, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," Economic History Review, Economic History Society, vol. 74(4), pages 892-921, November.
    8. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.
    9. Robert L. Hetzel, 2016. "The Rise and Fall of the Quantity Theory in Nineteenth Century Britain: Implications for Early Fed Thinking," Economic Quarterly, Federal Reserve Bank of Richmond, issue Q4, pages 281-320.
    10. Stephen Quinn & William Roberds, 2015. "Responding to a Shadow Banking Crisis: The Lessons of 1763," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(6), pages 1149-1176, September.
    11. Kenneth Luseno Andanyi & Purity Gachugu, 2025. "Nexus Between Process Financial Innovations and Financial Performance of Deposit Taking Savings and Credit Cooperative Societies in Nairobi City County, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(5), pages 6697-6713, May.
    12. Marc Flandreau & Stefano Ugolini, 2014. "The Crisis of 1866," Post-Print hal-01293925, HAL.

  8. Vincent Bignon & Marc Flandreau, 2012. "The Price of Media Capture and the Looting of Newspapers in Interwar France," IHEID Working Papers 09-2012, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Julia Cage, 2019. "Media competition, information provision and political participation:Evidence from French local newspapers and elections, 1944–2014," Sciences Po Economics Publications (main) hal-03567022, HAL.
    2. Pamfili Antipa, 2014. "How Fiscal Policy Affects the Price Level: Britain s First Experience with Paper Money," Working papers 525, Banque de France.
    3. Mullainathan, Sendhil & Shleifer, Andrei, 2005. "The Market for News," Scholarly Articles 33078973, Harvard University Department of Economics.

  9. Marc Flandreau & Juan Flores, 2011. "Bondholders vs. bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," Working Papers 0002, European Historical Economics Society (EHES).

    Cited by:

    1. Marc Flandreau & Juan Flores & Norbert Gaillard & Sebastian Nieto-Parra, 2011. "The Changing Role of Global Financial Brands in the Underwriting of Foreign Government Debt (1815-2010)," IHEID Working Papers 15-2011, Economics Section, The Graduate Institute of International Studies.
    2. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.

  10. Marc Flandreau & Juan Flores & Norbert Gaillard & Sebastian Nieto-Parra, 2011. "The Changing Role of Global Financial Brands in the Underwriting of Foreign Government Debt (1815-2010)," IHEID Working Papers 15-2011, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Mikkelsen, Anders L., 2014. "Dealing with risk: Underwriting sovereign bond issues in London 1870-1914," eabh Papers 14-06, The European Association for Banking and Financial History (EABH).

  11. Marc Flandreau, Stefano Ugolini, 2011. "Where It All Began: Lending of Last Resort and the Bank of England during the Overend, Gurney Panic of 1866," IHEID Working Papers 04-2011, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Stephen F. Quinn & William Roberds, 2012. "Responding to a shadow banking crisis: the lessons of 1763," FRB Atlanta Working Paper 2012-08, Federal Reserve Bank of Atlanta.
    2. Marc Flandreau & Stefano Ugolini, 2014. "The Crisis of 1866," IHEID Working Papers 10-2014, Economics Section, The Graduate Institute of International Studies.
    3. Agostino, Mariarosaria & Errico, Lucia & Rondinella, Sandro & Trivieri, Francesco, 2022. "On the response to the financial crisis of 1914: The Bank of England's discount policy," Research in Economics, Elsevier, vol. 76(4), pages 290-307.
    4. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    5. Hautcoeur, Pierre-Cyrille & Riva, Angelo & White, Eugene N., 2014. "Floating a “lifeboat”: The Banque de France and the crisis of 1889," Journal of Monetary Economics, Elsevier, vol. 65(C), pages 104-119.
    6. Stefano Ugolini, 2012. "The origins of foreign exchange policy: the National Bank of Belgium and the quest for monetary independence in the 1850s," Post-Print hal-01293694, HAL.
    7. Mike Anson & David Bholat & Miao Kang & Ryland Thomas, 2017. "The Bank of England as Lender of Last Resort: New historical evidence from daily transactional data," Working Papers 0117, European Historical Economics Society (EHES).
    8. Gary Gorton, 2015. "Stress for Success: A Review of Timothy Geithner's Financial Crisis Memoir," Journal of Economic Literature, American Economic Association, vol. 53(4), pages 975-995, December.
    9. Klovland, Jan Tore & Øksendal, Lars Fredrik, 2013. "The decentralised central bank: regional bank rate autonomy in Norway, 1850-1892," Discussion Paper Series in Economics 6/2013, Norwegian School of Economics, Department of Economics.
    10. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.
    11. David-Jan Jansen & Robert Mosch & Carin Cruijsen, 2015. "When Does the General Public Lose Trust in Banks?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 48(2), pages 127-141, October.
    12. Weder di Mauro, Beatrice & Bartels, Bernhard & Eichengreen, Barry, 2016. "No Smoking Gun: Private Shareholders, Governance Rules and Central Bank Financial Behavior," CEPR Discussion Papers 11625, C.E.P.R. Discussion Papers.
    13. Kilian Rieder & Michael Anson & David Bholat & Miao Kang & Ryland Thomas, 2018. "Frosted glass or raised eyebrow? Testing the Bank of England’s discount window policies during the crisis of 1847," Working Papers 18020, Economic History Society.
    14. Gary B. Gorton & Guillermo L. Ordoñez, 2014. "How Central Banks End Crises," PIER Working Paper Archive 14-025, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    15. Stefano Ugolini, 2012. "Foreign Exchange Reserve Management in the 19 th Century: The National Bank of Belgium in the 1850s," Post-Print hal-01293720, HAL.
    16. Giovanni Federico, 2011. "A Tale of Two Oceans: Market Integration Over the High Seas, 1800-1940," Working Papers 0011, European Historical Economics Society (EHES).
    17. Mike Anson & David Bholat & Miao Kang & Kilian Rieder & Ryland Thomas, 2019. "The Bank of England and central bank credit rationing during the crisis of 1847: frosted glass or raised eyebrows?," Bank of England working papers 794, Bank of England.
    18. Gary Gorton & Guillermo Ordoñez, 2020. "Fighting Crises with Secrecy," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(4), pages 218-245, October.
    19. Gary Gorton & Guillermo Ordoñez, 2016. "Fighting Crises," NBER Working Papers 22787, National Bureau of Economic Research, Inc.
    20. Gary B. Gorton, 2012. "Some Reflections on the Recent Financial Crisis," NBER Working Papers 18397, National Bureau of Economic Research, Inc.
    21. Leandro Prados de la Escosura, 2011. "Human Development in Africa: A Long-Run Perspective," Working Papers 0008, European Historical Economics Society (EHES).
    22. Galo Nuño & Pedro Tedde & Alessio Moro, 2011. "Money dynamics with multiple banks of issue: evidence from Spain 1856-1874," Working Papers 1119, Banco de España.

  12. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.

    Cited by:

    1. Kim Oosterlinck & Loredana Ureche-Rangau & Jacques-Marie Vaslin, 2013. "Waterloo: a Godsend for French Public Finances?," Working Papers CEB 13-028, ULB -- Universite Libre de Bruxelles.
    2. Manmohan Agarwal, 2017. "The Operation of the Gold Standard in the Core and the Periphery Before the First World War," Working Papers id:12074, eSocialSciences.
    3. Mitchener, Kris James & Weidenmier, Marc D, 2013. "Searching for Irving Fisher," CAGE Online Working Paper Series 133, Competitive Advantage in the Global Economy (CAGE).

  13. Barry Eichengreen & Marc Flandreau, 2010. "The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39," BIS Working Papers 328, Bank for International Settlements.

    Cited by:

    1. Robert N McCauley & Tracy Chan, 2014. "Currency movements drive reserve composition," BIS Quarterly Review, Bank for International Settlements, December.
    2. Tomasz Serwach, 2013. "Renminbi jako waluta miedzynarodowa - stan obecny oraz ocena perspektyw / Renminbi as international currency - current state and potential perspectives," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 4, pages 39-53, December.
    3. Jean Pisani-Ferry & Ignazio Angeloni & André Sapir & Zsolt Darvas & Agnès Bénassy-Quéré & Shahin Vallée, . "Global currencies for tomorrow- a European perspective," Bruegel Blueprints, Bruegel, number 592.
    4. Agnès Bénassy-Quéré & Jean Pisani-Ferry, 2011. "Quel système monétaire international pour une économie mondiale en mutation rapide ?," Working Papers 2011-04, CEPII research center.
    5. Livia Chitu & Barry Eichengreen & Arnaud J. Mehl, 2012. "When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets," NBER Working Papers 18097, National Bureau of Economic Research, Inc.
    6. Prasad, Eswar & Ye, Lei (Sandy), 2012. "The Renminbi's Role in the Global Monetary System," IZA Discussion Papers 6335, Institute of Labor Economics (IZA).
    7. Zhang, Cathy, 2013. "An Information-Based Theory of International Currency," MPRA Paper 42114, University Library of Munich, Germany.
    8. Eric Helleiner & Anton Malkin, 2012. "Sectoral Interests and Global Money: Renminbi, Dollars and the Domestic Foundations of International Currency Policy," Open Economies Review, Springer, vol. 23(1), pages 33-55, February.
    9. Livia Chițu & Barry Eichengreen & Arnaud J. Mehl, 2013. "History, Gravity and International Finance," NBER Working Papers 18697, National Bureau of Economic Research, Inc.
    10. Marc Flandreau & Stefano Ugolini, 2013. "Where It All Began: Lending of Last Resort and Bank of England Monitoring During the Overend-Gurney Panic of 1866," Post-Print hal-01293916, HAL.
    11. Ignazio Angeloni & André Sapir, 2011. "The international monetary system is changing- what opportunities and risks for the euro?," Bruegel Working Papers 632, Bruegel.
    12. Robert N. McCauley, 2020. "The Global Domain of the Dollar: Eight Questions," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(4), pages 421-429, December.
    13. Yongding Yu, 2012. "Revisiting the Internationalization of the Yuan," ADBI Working Papers 366, Asian Development Bank Institute.
    14. Benjamin Cohen, 2012. "The Benefits and Costs of an International Currency: Getting the Calculus Right," Open Economies Review, Springer, vol. 23(1), pages 13-31, February.

  14. Marc Flandreau, Juan Flores, 2010. "Hamlet Without The Prince of Denmark: Relationship Banking and Conditionality Lending In The London Market For Foreign Government Debt, 1815 - 1913," IHEID Working Papers 08-2010, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Kim Oosterlinck & Loredana Ureche-Rangau & Jacques-Marie Vaslin, 2013. "Waterloo: a Godsend for French Public Finances?," Working Papers CEB 13-028, ULB -- Universite Libre de Bruxelles.
    2. Oosterlinck, Kim & Ureche-Rangau, Loredana & Vaslin, Jacques-Marie, 2019. "Aristocratic Privilege. Exploiting “Good†Institutions," CEPR Discussion Papers 14071, C.E.P.R. Discussion Papers.

  15. Marc Flandreau & Norbert Gaillard & Frank Packer, 2010. "To err is human: rating agencies and the interwar foreign government debt crisis," BIS Working Papers 335, Bank for International Settlements.

    Cited by:

    1. Accominotti, Olivier & Eichengreen, Barry, 2016. "The mother of all sudden stops: capital flows and reversals in Europe, 1919-32," LSE Research Online Documents on Economics 84308, London School of Economics and Political Science, LSE Library.
    2. Matthieu Bussière & Annukka Ristiniemi, 2012. "Credit Ratings and Debt Crises," Working papers 396, Banque de France.
    3. Marc Flandreau, 2013. "Do good sovereigns default? Lessons of history," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 72, pages 19-25, Bank for International Settlements.
    4. Panagiotis K. Staikouras, 2012. "A Theoretical and Empirical Review of the EU Regulation on Credit Rating Agencies: In Search of Truth, Not Scapegoats," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 21(2), pages 71-155, May.
    5. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, C.E.P.R. Discussion Papers.
    6. Bradley, Michael & De Lira Salvatierra, Irving & Gulati, Mitu, 2014. "Lawyers: Gatekeepers of the sovereign debt market?," International Review of Law and Economics, Elsevier, vol. 38(S), pages 150-168.
    7. Marlene Amstad & Frank Packer & Jimmy Shek, 2018. "Does sovereign risk in local and foreign currency differ?," BIS Working Papers 709, Bank for International Settlements.
    8. David James Gill, 2015. "Rating the UK: the British government's sovereign credit ratings, 1976–8," Economic History Review, Economic History Society, vol. 68(3), pages 1016-1037, August.
    9. Marc Flandreau & Juan Flores & Norbert Gaillard & Sebastian Nieto-Parra, 2011. "The Changing Role of Global Financial Brands in the Underwriting of Foreign Government Debt (1815-2010)," IHEID Working Papers 15-2011, Economics Section, The Graduate Institute of International Studies.
    10. Marlene Amstad & Frank Packer, 2015. "Sovereign ratings of advanced and emerging economies after the crisis," BIS Quarterly Review, Bank for International Settlements, December.
    11. Carmen M. Reinhart & Christoph Trebesch, 2015. "Sovereign Debt Relief and its Aftermath," CESifo Working Paper Series 5422, CESifo.
    12. Claudio Borio & Marc Farag & Fabrizio Zampolli, 2023. "Tackling the fiscal policy-financial stability nexus," BIS Working Papers 1090, Bank for International Settlements.
    13. Marlene Amstad & Steven Kong & Frank Packer & Eli Remolona, 2016. "A spare tire for capital markets: Fostering corporate bond markets in Asia," BIS Papers, Bank for International Settlements, number 85, May.
    14. Flores Zendejas, Juan, 2015. "Capital Markets and Sovereign Defaults: A Historical Perspective," Working Papers unige:73325, University of Geneva, Paul Bairoch Institute of Economic History.

  16. Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," IHEID Working Papers 15-2010, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Stéphanie Collet & Kim Oosterlinck, 2019. "Denouncing Odious Debts," ULB Institutional Repository 2013/296946, ULB -- Universite Libre de Bruxelles.
    2. Flandreau, Marc & Bignon, Vincent, 2012. "The Price of Media Capture and the Looting of Newspapers in Interwar France," CEPR Discussion Papers 9014, C.E.P.R. Discussion Papers.
    3. Louis-Sidois, Charles & Mougin, Elisa, 2023. "Silence the media or the story? Theory and evidence of media capture," European Economic Review, Elsevier, vol. 158(C).
    4. Bakker, Gerben, 2014. "How they made news pay: news traders’ quest for crisis-resistant business models," LSE Research Online Documents on Economics 59304, London School of Economics and Political Science, LSE Library.
    5. Balmer, Roberto, 2013. "Entry and Competition in Local Newspaper Retail Markets - When two are enough," MPRA Paper 54079, University Library of Munich, Germany.
    6. Oosterlinck, Kim & Collet, Stéphanie, 2016. "Pricing the Odious in Odious Debts," CEPR Discussion Papers 11653, C.E.P.R. Discussion Papers.
    7. Marc Flandreau & Geoffroy Legentilhomme, 2022. "Cyberpunk Victoria: The credibility of computers and the first digital revolution, 1848–83," Economic History Review, Economic History Society, vol. 75(4), pages 1083-1119, November.

  17. Flandreau, Marc & Flores, Juan, 2010. "Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt," CEPR Discussion Papers 7915, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kim Oosterlinck & Loredana Ureche-Rangau & Jacques-Marie Vaslin, 2013. "Waterloo: a Godsend for French Public Finances?," Working Papers CEB 13-028, ULB -- Universite Libre de Bruxelles.
    2. Kim Oosterlinck & Loredana Ureche-Rangau & Jacques-Marie Vaslin, 2014. "Baring, Wellington and the resurrection of French public finances following Waterloo," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 74(4), pages 1072-1102, November.
    3. Oosterlinck, Kim & Ureche-Rangau, Loredana & Vaslin, Jacques-Marie, 2019. "Aristocratic Privilege. Exploiting “Good†Institutions," CEPR Discussion Papers 14071, C.E.P.R. Discussion Papers.

  18. Barry Eichengreen, Marc Flandreau, 2010. "The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914-1939," IHEID Working Papers 16-2010, Economics Section, The Graduate Institute of International Studies.

    Cited by:

    1. Robert N McCauley & Tracy Chan, 2014. "Currency movements drive reserve composition," BIS Quarterly Review, Bank for International Settlements, December.
    2. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    3. Barry Eichengreen, 2014. "Doctrinal determinants, domestic and international of Federal Reserve policy, 1914-1933," Globalization Institute Working Papers 195, Federal Reserve Bank of Dallas.
    4. Accominotti, Olivier & Ugolini, Stefano, 2019. "International Trade Finance From the Origins to the Present: Market Structures, Regulation, and Governance," CEPR Discussion Papers 13661, C.E.P.R. Discussion Papers.
    5. Hyoung-kyu Chey, 2013. "The Concepts, Consequences, and Determinants of Currency Internationalization," GRIPS Discussion Papers 13-03, National Graduate Institute for Policy Studies.
    6. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    7. Galina Hale & Peter Jones & Mark M. Spiegel, 2014. "The Rise in Home Currency Issuance," Working Paper Series 2014-19, Federal Reserve Bank of San Francisco.
    8. Jérôme Sgard, 2019. "The Private Governance of a Global Market: The London Corn Trade Association, 1885-1914," Sciences Po Economics Publications (main) hal-03594359, HAL.
    9. Zucker Marques, Marina, 2021. "Financial statecraft and transaction costs: The case of renminbi internationalization," Discussion Papers 2021/9, Free University Berlin, School of Business & Economics.
    10. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Working Papers halshs-01144371, HAL.
    11. Constantinos Alexiou & Sofoklis Vogiazas & Alex Benbow, 2024. "Exploring the Dynamic Nexus between Cross-Border Dollar Claims and Global Economic Growth," Economies, MDPI, vol. 12(3), pages 1-14, March.
    12. António Portugal Duarte & Fátima Sol Murta & Nuno Baetas Silva, 2025. "Will the euro replace the U.S. dollar as the leading international currency? A volatility analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 1-27, March.
    13. Barry Eichengreen, 2013. "ADB Distinguished Lecture Renminbi Internationalization: Tempest in a Teapot?," Asian Development Review, MIT Press, vol. 30(1), pages 148-164, March.
    14. Linda S. Goldberg, 2011. "The international role of the dollar: Does it matter if this changes?," Staff Reports 522, Federal Reserve Bank of New York.
    15. Kumar, Shekhar Hari & Patnaik, Ila, 2018. "Internationalisation of the Rupee," Working Papers 18/222, National Institute of Public Finance and Policy.
    16. Maylis Avaro, 2020. "Zombie International Currency: The Pound Sterling 1945-1973," IHEID Working Papers 03-2020, Economics Section, The Graduate Institute of International Studies, revised 27 Apr 2021.
    17. Liu, Tao, 2015. "Trade finance and international currency," MPRA Paper 64362, University Library of Munich, Germany.
    18. Chiţu, Livia & Eichengreen, Barry & Mehl, Arnaud, 2014. "When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets," Journal of Development Economics, Elsevier, vol. 111(C), pages 225-245.
    19. Barry Eichengreen, 2013. "Does the Federal Reserve Care about the Rest of the World?," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 87-104, Fall.
    20. Ahmed Mehedi Nizam, 2023. "An analysis of transnational transfer of wealth through cross-border financial transactions," SN Business & Economics, Springer, vol. 3(1), pages 1-31, January.
    21. Zhang, Cathy, 2013. "An Information-Based Theory of International Currency," MPRA Paper 42114, University Library of Munich, Germany.
    22. Chinn, Menzie D. & Frankel, Jeffrey A. & Ito, Hiro, 2024. "The dollar versus the euro as international reserve currencies," Journal of International Money and Finance, Elsevier, vol. 146(C).
    23. Jérôme Sgard, 2019. "The Private Governance of a Global Market: The London Corn Trade Association, 1885-1914," Working Papers hal-03594359, HAL.
    24. Cheung, Yin-Wong, 2014. "The role of offshore financial centers in the process of Renminbi internationalization," BOFIT Policy Briefs 11/2014, Bank of Finland Institute for Emerging Economies (BOFIT).
    25. Menzie Chinn, 2015. "Emerging Market Economies and the Next Reserve Currencies," Open Economies Review, Springer, vol. 26(1), pages 155-174, February.
    26. Barry Eichengreen & Arnaud J. Mehl & Livia Chitu, 2017. "Mars or Mercury? The Geopolitics of International Currency Choice," NBER Working Papers 24145, National Bureau of Economic Research, Inc.
    27. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.
    28. Nizam, Ahmed Mehedi, 2021. "Redistribution of wealth through cross border financial transactions: A closer look," MPRA Paper 109374, University Library of Munich, Germany.
    29. Paola Subacchi, 2013. "Expanding Beyond Borders: The Yen and the Yuan," ADBI Working Papers 450, Asian Development Bank Institute.
    30. Hu, Jiafei & Yuan, Haishan, 2021. "Interest arbitrage under capital controls: Evidence from reported entrepôt trades," Journal of Banking & Finance, Elsevier, vol. 127(C).
    31. Tao Liu & Xiaosong Wang & Wing Thye Woo, 2024. "Network effect and international currency," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(3), pages 600-626, July.
    32. Olivier Accominotti, 2019. "International banking and transmission of the 1931 financial crisis," Economic History Review, Economic History Society, vol. 72(1), pages 260-285, February.
    33. Marina Zucker‐Marques & Pedro Perfeito da Silva, 2022. "The Role of Institutions: A Cross‐country Analysis of Renminbi Trading in Foreign Exchange Markets," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(3), pages 42-74, May.
    34. Michele Fratianni, 2012. "The Future International Monetary System: Dominant Currencies or Supranational Money? An Introduction," Open Economies Review, Springer, vol. 23(1), pages 1-12, February.
    35. Mark A. Carlson & Burcu Duygan-Bump, 2018. "“Unconventional” Monetary Policy as Conventional Monetary Policy : A Perspective from the U.S. in the 1920s," Finance and Economics Discussion Series 2018-019, Board of Governors of the Federal Reserve System (U.S.).
    36. John Singleton & Catherine R. Schenk, 2015. "The shift from sterling to the dollar, 1965–76: evidence from Australia and New Zealand," Economic History Review, Economic History Society, vol. 68(4), pages 1154-1176, November.
    37. Zucker-Marques, Marina, 2025. "Currency Internationalization, payment infrastructures and central banks: An institutional analysis of renminbi internationalization," Research in International Business and Finance, Elsevier, vol. 73(PA).
    38. Marc Flandreau & Stefano Ugolini, 2013. "Where It All Began: Lending of Last Resort and Bank of England Monitoring During the Overend-Gurney Panic of 1866," Post-Print hal-01293916, HAL.
    39. Chiţu, Livia & Eichengreen, Barry & Mehl, Arnaud, 2014. "History, gravity and international finance," Journal of International Money and Finance, Elsevier, vol. 46(C), pages 104-129.
    40. Robert N. McCauley, 2020. "The Global Domain of the Dollar: Eight Questions," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(4), pages 421-429, December.
    41. Hale, Galina B. & Jones, Peter C. & Spiegel, Mark M., 2020. "Home currency issuance in international bond markets," Journal of International Economics, Elsevier, vol. 122(C).
    42. Marc Flandreau, Stefano Ugolini, 2011. "Where It All Began: Lending of Last Resort and the Bank of England during the Overend, Gurney Panic of 1866," IHEID Working Papers 04-2011, Economics Section, The Graduate Institute of International Studies.
    43. Ramaa Vasudevan, 2018. "The internationalization of the Renminbi and the evolution of China’s monetary policy," Working Papers 1810, New School for Social Research, Department of Economics.
    44. Volz, Ulrich, 2013. "RMB internationalisation and currency co-operation in East Asia," Working Papers 125, University of Leipzig, Faculty of Economics and Management Science.

  19. Flandreau, Marc & Packer, Frank & Gaillard, Norbert, 2009. "Ratings Performance, Regulation and the Great Depression: Lessons from Foreign Government Securities," CEPR Discussion Papers 7328, C.E.P.R. Discussion Papers.

    Cited by:

    1. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.
    2. Marc Flandreau & Norbert Gaillard & Ugo Panizza, 2009. "Conflicts of Interest, Reputation and the Interwar Debt Crisis: Banksters or Bad Luck?," IHEID Working Papers 02-2010, Economics Section, The Graduate Institute of International Studies, revised Feb 2010.
    3. Lawrence J. White, 2010. "Markets: The Credit Rating Agencies," Journal of Economic Perspectives, American Economic Association, vol. 24(2), pages 211-226, Spring.
    4. Ludovic Moreau, 2009. "Regulatory versus Informational Value of Bond Ratings: Hints from History ..," Working Papers hal-04140847, HAL.
    5. Lawrence J. White, 2013. "Credit Rating Agencies: An Overview," Working Papers 13-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    6. Agliardi, Elettra & Agliardi, Rossella & Pinar, Mehmet & Stengos, Thanasis & Topaloglou, Nikolas, 2012. "A new country risk index for emerging markets: A stochastic dominance approach," Journal of Empirical Finance, Elsevier, vol. 19(5), pages 741-761.
    7. Oosterlinck, Kim & Accominotti, Olivier & BRIERE, Marie & Burietz, Aurore & Szafarz, Ariane, 2020. "Did Globalization Kill Contagion?," CEPR Discussion Papers 14395, C.E.P.R. Discussion Papers.

  20. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009. "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers 7169, C.E.P.R. Discussion Papers.

    Cited by:

    1. Stephen Quinn & William Roberds, 2016. "Death of a Reserve Currency," International Journal of Central Banking, International Journal of Central Banking, vol. 12(4), pages 63-103, December.
    2. Chilosi, David & Schulze, Max-Stephan & Volckart, Oliver, 2018. "Benefits of empire? Capital market integration north and south of the Alps, 1350-1800," LSE Research Online Documents on Economics 86561, London School of Economics and Political Science, LSE Library.
    3. Nogues-Marco, Pilar, 2017. "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers unige:100808, University of Geneva, Paul Bairoch Institute of Economic History.
    4. Emma M., Iglesias & J. Carles, Maixé-Altés, 2021. "Money Market Integration in Spain in the Ninetheen Century: The Role of the 1875-1885 Decade," MPRA Paper 109219, University Library of Munich, Germany.
    5. Nogues-Marco, Pilar, 2013. "Competing Bimetallic Ratios: Amsterdam, London and Bullion Arbitrage in the Mid-18th Century," CEPR Discussion Papers 9300, C.E.P.R. Discussion Papers.
    6. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2019. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," Economics Discussion Paper Series 1906, Economics, The University of Manchester, revised May 2022.
    7. Irigoin, Alejandra, 2018. "Global silver: bullion or specie? Supply and demand in the making of the early modern global economy," LSE Research Online Documents on Economics 90190, London School of Economics and Political Science, LSE Library.
    8. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.
    9. Esteves, Rui & Geisler Mesevage, Gabriel, 2019. "Social Networks in Economic History: Opportunities and Challenges," Explorations in Economic History, Elsevier, vol. 74(C).
    10. Cyril Milhaud, 2018. "Fragmentation of long-term credit markets in early modern Spain? Composite monarchies and their jurisdictions," Working Papers hal-01365882, HAL.
    11. Paweł Kowalewski & Stephen Quinn & William Roberds, 2025. "The Law of Copernicus in Poland, from early 16th century to late 18th century," Bank i Kredyt, Narodowy Bank Polski, vol. 56(2), pages 139-162.
    12. Stephen F. Quinn & William Roberds, 2012. "The Bank of Amsterdam through the lens of monetary competition," FRB Atlanta Working Paper 2012-14, Federal Reserve Bank of Atlanta.
    13. Nogues-Marco, Pilar & Herranz-Loncán, Alfonso & Aslanidis, Nektarios, 2017. "The making of a national currency. Spatial transaction costs and money market integration in Spain (1825-1874)," CEPR Discussion Papers 12453, C.E.P.R. Discussion Papers.
    14. Lin, Justin Yifu & Fardoust, Shahrokh & Rosenblatt, David, 2012. "Reform of the international monetary system : a jagged history and uncertain prospects," Policy Research Working Paper Series 6070, The World Bank.
    15. Freire Costa, Leonor & Münch Miranda, Susana & Nogues-Marco, Pilar, 2021. "Early modern financial development in the Iberian peninsula," Working Papers unige:147492, University of Geneva, Paul Bairoch Institute of Economic History.
    16. Kelly, Paul V., 2024. "Eighteenth-century Irish interest rates – market failure in a booming economy," LSE Research Online Documents on Economics 127155, London School of Economics and Political Science, LSE Library.
    17. James Vladimir Torres, 2019. "Bullion and Monetary Flows in the Northern Andes: New Evidence and Insights, 1780-1800," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 6(1), pages 13-45.
    18. Donato Masciandaro & Davide Romelli & Stefano Ugolini, 2024. "Fiscal Dominance, Monetary Policy and Exchange Rates: Lessons from Early-Modern Venice," Trinity Economics Papers tep1124, Trinity College Dublin, Department of Economics.
    19. Vincent Bignon & Antonio Miscio, 2009. "Media Bias in Financial Newspapers: Evidence from Early 20th Century France," Working Papers hal-04140891, HAL.

  21. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815-2007," NBER Working Papers 15128, National Bureau of Economic Research, Inc.

    Cited by:

    1. Claudio Borio & Harold James & Hyun Song Shin, 2014. "The international monetary and financial system: a capital account historical perspective," Globalization Institute Working Papers 204, Federal Reserve Bank of Dallas.
    2. Carola Frydman & Eric Hilt, 2014. "Investment Banks as Corporate Monitors in the Early 20th Century United States," NBER Working Papers 20544, National Bureau of Economic Research, Inc.
    3. Kim Oosterlinck, 2013. "Sovereign Debt Defaults: Insights from History," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 29(4), pages 697-714.
    4. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    5. Flores Zendejas, Juan, 2020. "Explaining latin america's persistent defaults: an analysis of debtor-creditor relations in London, 1822-1914," Working Papers unige:140134, University of Geneva, Paul Bairoch Institute of Economic History.
    6. Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," EconomiX Working Papers 2010-18, University of Paris Nanterre, EconomiX.
    7. Bradley, Michael & De Lira Salvatierra, Irving & Gulati, Mitu, 2014. "Lawyers: Gatekeepers of the sovereign debt market?," International Review of Law and Economics, Elsevier, vol. 38(S), pages 150-168.
    8. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    9. David James Gill, 2015. "Rating the UK: the British government's sovereign credit ratings, 1976–8," Economic History Review, Economic History Society, vol. 68(3), pages 1016-1037, August.
    10. Marc Flandreau & Juan Flores, 2011. "Bondholders vs. bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," Working Papers 0002, European Historical Economics Society (EHES).
    11. Marc Flandreau & Juan Flores & Norbert Gaillard & Sebastian Nieto-Parra, 2011. "The Changing Role of Global Financial Brands in the Underwriting of Foreign Government Debt (1815-2010)," IHEID Working Papers 15-2011, Economics Section, The Graduate Institute of International Studies.
    12. Marc Flandreau & Norbert Gaillard & Ugo Panizza, 2009. "Conflicts of Interest, Reputation and the Interwar Debt Crisis: Banksters or Bad Luck?," IHEID Working Papers 02-2010, Economics Section, The Graduate Institute of International Studies, revised Feb 2010.
    13. Mr. Barry J. Eichengreen & Ms. Asmaa A ElGanainy & Rui Pedro Esteves & Kris James Mitchener, 2019. "Public Debt Through the Ages," IMF Working Papers 2019/006, International Monetary Fund.
    14. Passadore, Juan & Xu, Yu, 2022. "Illiquidity in sovereign debt markets," Journal of International Economics, Elsevier, vol. 137(C).
    15. Kim Oosterlinck & Loredana Ureche-Rangau & Jacques-Marie Vaslin, 2013. "Waterloo: a Godsend for French Public Finances?," Working Papers CEB 13-028, ULB -- Universite Libre de Bruxelles.
    16. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    17. Satyajit Chatterjee & Burcu Eyigungor, 2015. "A Seniority Arrangement for Sovereign Debt," American Economic Review, American Economic Association, vol. 105(12), pages 3740-3765, December.
    18. Giselle Datz, 2021. "Ties that bind and blur: financialization and the evolution of sovereign debt as private contract," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 571-587, December.
    19. Flandreau, Marc & Flores, Juan, 2010. "Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt," CEPR Discussion Papers 7915, C.E.P.R. Discussion Papers.
    20. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.
    21. Flores Zendejas, Juan, 2015. "Capital Markets and Sovereign Defaults: A Historical Perspective," Working Papers unige:73325, University of Geneva, Paul Bairoch Institute of Economic History.
    22. Carmen M. Reinhart, 2012. "A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises," NBER Working Papers 17941, National Bureau of Economic Research, Inc.
    23. Hautcoeur Pierre-Cyrille & Riva Angelo E., 2013. "What Financiers Usually Do, and What We Can Learn from History," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 313-331, April.
    24. Rohan Pitchford & Mark L. J. Wright, 2013. "On the contribution of game theory to the study of sovereign debt and default," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 649-667, WINTER.

  22. Vincent Bignon & Marc Flandreau & Stefano Ugolini, 2009. "Bagehot for beginners: The making of lending of last resort operations in the mid-19th century," Working Paper 2009/22, Norges Bank.

    Cited by:

    1. Marc Flandreau & Stefano Ugolini, 2014. "The Crisis of 1866," IHEID Working Papers 10-2014, Economics Section, The Graduate Institute of International Studies.
    2. Agostino, Mariarosaria & Errico, Lucia & Rondinella, Sandro & Trivieri, Francesco, 2022. "On the response to the financial crisis of 1914: The Bank of England's discount policy," Research in Economics, Elsevier, vol. 76(4), pages 290-307.
    3. Stefano Ugolini, 2021. "The Coevolution of Banks and Corporate Securities Markets: The Financing of Belgium’s Industrial Take-Off in the 1830s," Post-Print hal-02164060, HAL.
    4. Dimitrios Bisias & Mark Flood & Andrew W. Lo & Stavros Valavanis, 2012. "A Survey of Systemic Risk Analytics," Annual Review of Financial Economics, Annual Reviews, vol. 4(1), pages 255-296, October.
    5. Bignon, Vincent & Flandreau, Marc, 2018. "The Other Way: A Narrative History of the Bank of France," CEPR Discussion Papers 13138, C.E.P.R. Discussion Papers.
    6. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    7. Eric Monnet & Francois R. Velde, 2020. "Money, Banking, and Old-School Historical Economics," Working Paper Series WP-2020-28, Federal Reserve Bank of Chicago.
    8. Vincent Bignon & Clemens Jobst, 2017. "Economic Crises and the Eligibility for the Lender of Last Resort: Evidence from 19th century France," Working papers 618, Banque de France.
    9. Clemens Jobst & Kilian Rieder, 2023. "Supervision without regulation: Discount limits at the Austro–Hungarian Bank, 1909–13," Economic History Review, Economic History Society, vol. 76(4), pages 1074-1109, November.
    10. Hautcoeur, Pierre-Cyrille & Riva, Angelo & White, Eugene N., 2014. "Floating a “lifeboat”: The Banque de France and the crisis of 1889," Journal of Monetary Economics, Elsevier, vol. 65(C), pages 104-119.
    11. Clemens Jobst & Stefano Ugolini, 2016. "The Coevolution of Money Markets and Monetary Policy, 1815–2008," Post-Print hal-01357712, HAL.
    12. Richard S. Grossman & Hugh Rockoff, 2015. "Fighting the Last War: Economists on the Lender of Last Resort," NBER Working Papers 20832, National Bureau of Economic Research, Inc.
    13. Gareth Campbell & Meeghan Rogers, 2017. "Integration between the London and New York Stock Exchanges, 1825–1925," Economic History Review, Economic History Society, vol. 70(4), pages 1185-1218, November.
    14. Michael D. Bordo & Christopher M. Meissner, 2015. "Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises," NBER Working Papers 21287, National Bureau of Economic Research, Inc.
    15. Clemens Jobst & Kilian Rieder, 2016. "Principles, circumstances and constraints: the Nationalbank as lender of last resort from 1816 to 1931," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 140-162.
    16. Sabine Schneider, 2022. "The politics of last resort lending and the Overend & Gurney crisis of 1866," Economic History Review, Economic History Society, vol. 75(2), pages 579-600, May.
    17. Stefano Ugolini, 2014. "Comment on: “Floating a “lifeboat”: The Banque de France and the crisis of 1889” by P.C. Hautcoeur, A. Riva, and E.N. White," Post-Print hal-01293759, HAL.
    18. Alessio Moro & Galo Nuño & Pedro Tedde, 2015. "A twin crisis with multiple banks of issue. Spain in the 1860s," European Review of Economic History, European Historical Economics Society, vol. 19(2), pages 171-194.
    19. Grund, Sebastian & Nomm, Nele & Walch, Florian, 2020. "Liquidity in resolution: comparing frameworks for liquidity provision across jurisdictions," Occasional Paper Series 251, European Central Bank.
    20. Patrick K. O'Brien & Nuno Palma, 2023. "Not an ordinary bank but a great engine of state: The Bank of England and the British economy, 1694–1844," Economic History Review, Economic History Society, vol. 76(1), pages 305-329, February.
    21. Stefano Ugolini, 2012. "The origins of foreign exchange policy: the National Bank of Belgium and the quest for monetary independence in the 1850s," Post-Print hal-01293694, HAL.
    22. Mike Anson & David Bholat & Miao Kang & Ryland Thomas, 2017. "The Bank of England as Lender of Last Resort: New historical evidence from daily transactional data," Working Papers 0117, European Historical Economics Society (EHES).
    23. Gary Gorton, 2015. "Stress for Success: A Review of Timothy Geithner's Financial Crisis Memoir," Journal of Economic Literature, American Economic Association, vol. 53(4), pages 975-995, December.
    24. Stefano Ugolini, 2010. "Universal Banking and the Development of Secondary Corporate Debt Markets: Lessons from 1830s Belgium," Working Paper 2010/21, Norges Bank.
    25. Olivier Accominotti & Delio Lucena‐Piquero & Stefano Ugolini, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," Economic History Review, Economic History Society, vol. 74(4), pages 892-921, November.
    26. Flores Zendejas, Juan & Gaillard, Norbert, 2021. "The International Lender of Last Resort Between Scylla and Charybdis," Working Papers unige:152743, University of Geneva, Paul Bairoch Institute of Economic History.
    27. Michael D. Bordo & David C. Wheelock, 2011. "The promise and performance of the Federal Reserve as Lender of Last Resort 1914-1933," Working Paper 2011/01, Norges Bank.
    28. Adam Brzezinski & Nuno Palma & Francois R. Velde, 2024. "Understanding Money Using Historical Evidence," Working Paper Series WP 2024-10, Federal Reserve Bank of Chicago.
    29. Frederic S. Mishkin & Eugene N. White, 2014. "Unprecedented Actions: The Federal Reserve’s Response to the Global Financial Crisis in Historical Perspective," NBER Working Papers 20737, National Bureau of Economic Research, Inc.
    30. Kilian Rieder & Michael Anson & David Bholat & Miao Kang & Ryland Thomas, 2018. "Frosted glass or raised eyebrow? Testing the Bank of England’s discount window policies during the crisis of 1847," Working Papers 18020, Economic History Society.
    31. Gary B. Gorton & Guillermo L. Ordoñez, 2014. "How Central Banks End Crises," PIER Working Paper Archive 14-025, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    32. Stefano Ugolini, 2018. "The Historical Evolution of Central Banking," Post-Print hal-01887004, HAL.
    33. Mike Anson & David Bholat & Miao Kang & Kilian Rieder & Ryland Thomas, 2019. "The Bank of England and central bank credit rationing during the crisis of 1847: frosted glass or raised eyebrows?," Bank of England working papers 794, Bank of England.
    34. Laurent Le Maux, 2021. "Bagehot for Central Bankers," Working Papers hal-03201509, HAL.
    35. Gary Gorton & Guillermo Ordoñez, 2016. "Fighting Crises," NBER Working Papers 22787, National Bureau of Economic Research, Inc.
    36. Laurent Le Maux, 2018. "Central banking and finance: the Bank of England and the Bank Act of 1844," Post-Print hal-02854521, HAL.
    37. Donato Masciandaro, 2018. "Central Banking and Macroeconomic Ideas: Economics, Politics and History," BAFFI CAREFIN Working Papers 1858, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    38. Barlevy, Gadi & Bird, Daniel & Fershtman, Daniel & Weiss, David, 2024. "Money under the mattress: Inflation and lending of last resort," Journal of Economic Theory, Elsevier, vol. 217(C).
    39. Bignon, Vincent & Avaro, Maylis, 2019. "At Your Service! Liquidity Provision and Risk Management in 19th Century France," CEPR Discussion Papers 13556, C.E.P.R. Discussion Papers.
    40. Gianni Toniolo & Eugene N. White, 2015. "The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day," NBER Working Papers 20844, National Bureau of Economic Research, Inc.
    41. Carolyn Sissoko, 2022. "Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction," Economic History Review, Economic History Society, vol. 75(2), pages 601-632, May.

  23. Marc Flandreau & Norbert Gaillard & Ugo Panizza, 2009. "Conflicts of Interest, Reputation and the Interwar Debt Crisis: Banksters or Bad Luck?," IHEID Working Papers 02-2010, Economics Section, The Graduate Institute of International Studies, revised Feb 2010.

    Cited by:

    1. Penet, Pierre, 2018. "Rethinking odious debt in the age of predatory lending: Old ideas for new problems," Working Papers unige:102988, University of Geneva, Paul Bairoch Institute of Economic History.
    2. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.
    3. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, C.E.P.R. Discussion Papers.
    4. Bradley, Michael & De Lira Salvatierra, Irving & Gulati, Mitu, 2014. "Lawyers: Gatekeepers of the sovereign debt market?," International Review of Law and Economics, Elsevier, vol. 38(S), pages 150-168.
    5. Marc Flandreau & Juan Flores & Norbert Gaillard & Sebastian Nieto-Parra, 2011. "The Changing Role of Global Financial Brands in the Underwriting of Foreign Government Debt (1815-2010)," IHEID Working Papers 15-2011, Economics Section, The Graduate Institute of International Studies.
    6. Flores Zendejas, Juan & Nodari, Gianandrea, 2021. "Latin American Experiments in Central Banking at the Onset of the Great Depression," Working Papers unige:152742, University of Geneva, Paul Bairoch Institute of Economic History.
    7. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.
    8. Marc Flandreau, 2013. "Collective Action Clauses before they had Airplanes: Bondholder Committees and the London Stock Exchange in the 19th Century (1827-1868)," IHEID Working Papers 01-2013, Economics Section, The Graduate Institute of International Studies.

  24. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.

    Cited by:

    1. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.

  25. Eichengreen, Barry & Flandreau, Marc, 2008. "The Rise and Fall of the Dollar, or When did the Dollar Replace Sterling as the Leading Reserve Currency?," CEPR Discussion Papers 6869, C.E.P.R. Discussion Papers.

    Cited by:

    1. Accominotti, Olivier & Eichengreen, Barry, 2016. "The mother of all sudden stops: capital flows and reversals in Europe, 1919-32," LSE Research Online Documents on Economics 84308, London School of Economics and Political Science, LSE Library.
    2. Gylfi Zoega, 2020. "Monetary Hegemony and its Implications for Small, Open Economies," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(4), pages 431-446, December.
    3. Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia, 2014. "Stability or upheaval? The currency composition of international reserves in the long run," Working Paper Series 1715, European Central Bank.
    4. Muhammad Akram & Muhammad Muazzam Mughal & Fatima Amin & Ayesha Farooqui, 2011. "Replacement, Dominance and Recession of Dollar," Far East Journal of Psychology and Business, Far East Research Centre, vol. 4(2), pages 17-26, July.
    5. Stephen Quinn & William Roberds, 2016. "Death of a Reserve Currency," International Journal of Central Banking, International Journal of Central Banking, vol. 12(4), pages 63-103, December.
    6. Hyoung-kyu Chey, 2013. "The Concepts, Consequences, and Determinants of Currency Internationalization," GRIPS Discussion Papers 13-03, National Graduate Institute for Policy Studies.
    7. Naef, Alain, 2021. "Central Bank Reserves during the Bretton Woods Period: New data from France, the UK and Switzerland," SocArXiv he7gx, Center for Open Science.
    8. Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia, 2012. "When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets," Working Paper Series 1433, European Central Bank.
    9. Piffaretti, Nadia F., 2008. "Reshaping the International Monetary Architecture and Addressing Global Imbalances: Lessons from the Keynes Plan," MPRA Paper 12165, University Library of Munich, Germany.
    10. Sau, Lino, 2014. "Do the International Monetary and Financial Systems Need More than Short-Term Cosmetics Reforms?," CESMEP Working Papers 201403, University of Turin.
    11. Mitchener, Kris James & Wandschneider, Kirsten, 2024. "Currency Wars and Trade," CAGE Online Working Paper Series 740, Competitive Advantage in the Global Economy (CAGE).
    12. Frankel, Jeffrey A., 2012. "Internationalization of the RMB and Historical Precedents," Scholarly Articles 10592469, Harvard Kennedy School of Government.
    13. He, Dong & Yu, Xiangrong, 2016. "Network effects in currency internationalisation: Insights from BIS triennial surveys and implications for the renminbi," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 203-229.
    14. Emmanuel Farhi & Matteo Maggiori, 2016. "A Model of the International Monetary System," NBER Working Papers 22295, National Bureau of Economic Research, Inc.
    15. Naef, Alain, 2019. "Dirty float or clean intervention? The Bank of England in the foreign exchange market," Lund Papers in Economic History 199, Lund University, Department of Economic History.
    16. Galina Hale & Peter Jones & Mark M. Spiegel, 2014. "The Rise in Home Currency Issuance," Working Paper Series 2014-19, Federal Reserve Bank of San Francisco.
    17. Steiner, Andreas, 2017. "Determinants of the Public Budget Balance: The Role of Official Capital Flows," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168184, Verein für Socialpolitik / German Economic Association.
    18. Clemens Jobst & Stefano Ugolini, 2016. "The Coevolution of Money Markets and Monetary Policy, 1815–2008," Post-Print hal-01357712, HAL.
    19. Ritschl, Albrecht & Sarferaz, Samad, 2009. "Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931," CEPR Discussion Papers 7610, C.E.P.R. Discussion Papers.
    20. Jean Pisani-Ferry & Ignazio Angeloni & André Sapir & Zsolt Darvas & Agnès Bénassy-Quéré & Shahin Vallée, . "Global currencies for tomorrow- a European perspective," Bruegel Blueprints, Bruegel, number 592.
    21. Dariusz Eligiusz Staszczak, 2021. "Fall of the Global Gold Exchange Standard and the Formation of the Contemporary Free Gold Market," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 341-347.
    22. Scott Andrew Urban, 2009. "The Name of the Rose: Classifying 1930s Exchange-Rate Regimes," Oxford Economic and Social History Working Papers _076, University of Oxford, Department of Economics.
    23. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Working Papers halshs-01144371, HAL.
    24. Crowley, Meredith A. & Han, Lu & Son, Minkyu, 2020. "Dominant currency dynamics: Evidence on dollar-invoicing from UK exporters," CEPR Discussion Papers 15493, C.E.P.R. Discussion Papers.
    25. Agustin S. Benetrix & Beren Demirolmez, 2025. "Mapping Global Debt: A New Measure of Currency Dominance and Uncertainty Shock Effects," Trinity Economics Papers tep0925, Trinity College Dublin, Department of Economics.
    26. António Portugal Duarte & Fátima Sol Murta & Nuno Baetas Silva, 2025. "Will the euro replace the U.S. dollar as the leading international currency? A volatility analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 1-27, March.
    27. Maria Malmierca-Ordoqui & Luis A. Gil-Alana & Manuel Monge, 2024. "Fractional cointegration between energy imports to the EURO area and exchange rates to the US dollar," Empirical Economics, Springer, vol. 66(2), pages 859-882, February.
    28. Barry Eichengreen, 2013. "ADB Distinguished Lecture Renminbi Internationalization: Tempest in a Teapot?," Asian Development Review, MIT Press, vol. 30(1), pages 148-164, March.
    29. Andreas Steiner, 2013. "A Tale of Two Deficits: Public Budget Balance of Reserve Currency Countries," IEER Working Papers 97, Institute of Empirical Economic Research, Osnabrueck University.
    30. Barry Eichengreen, 2011. "It May Be Our Currency, But It'S Your Problem," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(3), pages 245-253, November.
    31. Sheng, Andrew & Kwek, Kian-Teng & Cho, Cho-Wai, 2009. "A tale of Asian exchange rate management: Romance of the three currencies," Journal of Asian Economics, Elsevier, vol. 20(5), pages 519-535, September.
    32. Syed Jawad Hussain Shahzad & Clement Kweku Kyei & Rangan Gupta & Eric Olson, 2020. "Investor Sentiment and Dollar-Pound Exchange Rate Returns: Evidence from Over a Century of Data Using a Cross-Quantilogram Approach," Working Papers 202008, University of Pretoria, Department of Economics.
    33. Piffaretti, Nadia F., 2009. "Reshaping the international monetary architecture : lessons from Keynes'plan," Policy Research Working Paper Series 5034, The World Bank.
    34. Shahin Vallée, 2012. "The internationalisation path of the renminbi," Bruegel Working Papers 715, Bruegel.
    35. Delphine Lahet & Stéphanie Prat, 2023. "Local-currency debt and currency internationalization dynamics: A nonlinear framework," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 215-254, February.
    36. Karim Pakravan, 2011. "Global financial architecture, global imbalances and the future of the dollar in a post‐crisis world," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 19(1), pages 18-32, February.
    37. Cheung, Yin-Wong, 2020. "A decade of RMB internationalization," BOFIT Policy Briefs 13/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    38. Chitu, Liva & Eichengreen, Barry & Mehl, Arnaud, 2012. "When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets (revised)," Department of Economics, Working Paper Series qt3v03b36h, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    39. Eswar Prasad, 2014. "Global Implications of the Renminbi’s Ascendance," ADBI Working Papers 469, Asian Development Bank Institute.
    40. Alan de Bromhead & David Jordan & Francis Kennedy & Jack Seddon, 2023. "Sterling's farewell symphony: The end of the Sterling Area revisited," Economic History Review, Economic History Society, vol. 76(2), pages 415-444, May.
    41. Wyplosz Charles, 2010. "Is the Era of the Dollar Over?," Journal of Globalization and Development, De Gruyter, vol. 1(2), pages 1-16, December.
    42. Chinn, Menzie D. & Frankel, Jeffrey A. & Ito, Hiro, 2024. "The dollar versus the euro as international reserve currencies," Journal of International Money and Finance, Elsevier, vol. 146(C).
    43. Barry Eichengreen & Douglas A. Irwin, 2009. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," NBER Working Papers 15142, National Bureau of Economic Research, Inc.
    44. Menzie Chinn, 2015. "Emerging Market Economies and the Next Reserve Currencies," Open Economies Review, Springer, vol. 26(1), pages 155-174, February.
    45. Bekaert, Geert & Mehl, Arnaud, 2019. "On the global financial market integration “swoosh” and the trilemma," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 227-245.
    46. Yin-Wong Cheung & Louisa Grimm & Frank Westermann, 2020. "The Evolution of Offshore Renminbi Trading: 2016 to 2019," CESifo Working Paper Series 8385, CESifo.
    47. Mr. Nicolas End & Ms. Marina Marinkov & Fedor Miryugin, 2019. "Instruments of Debtstruction: A New Database of Interwar Debt," IMF Working Papers 2019/226, International Monetary Fund.
    48. Marc Flandreau & Clemens Jobst, 2009. "The Empirics of International Currencies: Network Externalities, History and Persistence," Economic Journal, Royal Economic Society, vol. 119(537), pages 643-664, April.
    49. Stefano Ugolini, 2012. "Foreign Exchange Reserve Management in the 19 th Century: The National Bank of Belgium in the 1850s," Post-Print hal-01293720, HAL.
    50. Myles, Jamieson, 2024. "Accommodating Agriculture within U.S. Capitalism: Cotton, Cooperatives, and Intermediate Trade Finance in the Early Twentieth Century," Working Papers unige:181156, University of Geneva, Paul Bairoch Institute of Economic History.
    51. Barry Eichengreen, Marc Flandreau, 2010. "The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914-1939," IHEID Working Papers 16-2010, Economics Section, The Graduate Institute of International Studies.
    52. Bernardo Candia & Mathieu Pedemonte, 2021. "Export-Led Decay: The Trade Channel in the Gold Standard Era," Working Papers 21-11r, Federal Reserve Bank of Cleveland, revised 08 Nov 2021.
    53. Ilzetzki, Ethan & Reinhart, Carmen & Rogoff, Kenneth, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," CEPR Discussion Papers 11826, C.E.P.R. Discussion Papers.
    54. Barry Eichengreen & Livia Chiţu & Arnaud Mehl, 2016. "Network effects, homogeneous goods and international currency choice: New evidence on oil markets from an older era," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(1), pages 173-206, February.
    55. Barry Eichengreen, 2019. "Two Views of the International Monetary System," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(4), pages 233-236, July.
    56. George Pantelopoulos, 2021. "Exogenous and endogenous sterilisation under managed exchange rates," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 756-779, September.
    57. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.
    58. Albrecht Ritschl & Samad Sarferaz, 2014. "Currency Versus Banking In The Financial Crisis Of 1931," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(2), pages 349-373, May.
    59. Barry Eichengreen & Domenico Lombardi, 2017. "RMBI or RMBR? Is the Renminbi Destined to Become a Global or Regional Currency?," Asian Economic Papers, MIT Press, vol. 16(1), pages 35-59, Winter/Sp.
    60. John Singleton & Catherine R. Schenk, 2015. "The shift from sterling to the dollar, 1965–76: evidence from Australia and New Zealand," Economic History Review, Economic History Society, vol. 68(4), pages 1154-1176, November.
    61. Flôres Junior, Renato Galvão, 2025. "Outlining a monetary system in turbulent times," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 849, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    62. Barry Eichengreen & Marc Flandreau, 2010. "The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39," BIS Working Papers 328, Bank for International Settlements.
    63. Ivo Maes, 2012. "On the origins of the Triffin dilemma: Empirical business cycle analysis and imperfect competition theory," Working Paper Research 240, National Bank of Belgium.
    64. Ignazio Angeloni & André Sapir, 2011. "The international monetary system is changing- what opportunities and risks for the euro?," Bruegel Working Papers 632, Bruegel.
    65. Gerchunoff, Pablo & Machinea, José Luis, 2015. "Going through the labyrinth: the political economy of Argentina’s abandonment of the gold standard (1929-1933)," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    66. Robert N. McCauley, 2020. "The Global Domain of the Dollar: Eight Questions," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(4), pages 421-429, December.
    67. Mitchener, Kris & Wandschneider, Kirsten, 2025. "Trade wars and currency wars: Lessons from history," Kiel Policy Briefs 189, Kiel Institute for the World Economy (IfW Kiel).
    68. Barry, Eichengreen, 2011. "The renminbi as an international currency," Journal of Policy Modeling, Elsevier, vol. 33(5), pages 723-730, September.
    69. Linda S. Goldberg, 2010. "Is the international role of the dollar changing?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 16(Jan).
    70. Myles, Jamieson, 2022. "Trade Acceptances, Financial Reform, and the Culture of Commercial Credit, 1915-1920," Working Papers unige:164262, University of Geneva, Paul Bairoch Institute of Economic History.
    71. Agnès Bénassy-Quéré & Jean Pisani-Ferry, 2011. "What international monetary system for a fast-changing world economy," Bruegel Working Papers 518, Bruegel.
    72. Oosterlinck, Kim & Accominotti, Olivier & BRIERE, Marie & Burietz, Aurore & Szafarz, Ariane, 2020. "Did Globalization Kill Contagion?," CEPR Discussion Papers 14395, C.E.P.R. Discussion Papers.
    73. Hyoung-kyu Chey & Yu Wai Vic Li, 2016. "Bringing the Central Bank into the Study of Currency Internationalization: Monetary Policy, Independence, and Internationalization," GRIPS Discussion Papers 15-23, National Graduate Institute for Policy Studies.
    74. Benjamin Cohen, 2012. "The Benefits and Costs of an International Currency: Getting the Calculus Right," Open Economies Review, Springer, vol. 23(1), pages 13-31, February.
    75. De Bromhead, Alan & Jordan, David P. & Kennedy, Francis & Seddon, Jack, 2023. "Managed decline? Muddling through with the sterling (dis)agreements, 1968-74," QUCEH Working Paper Series 23-09, Queen's University Belfast, Queen's University Centre for Economic History.
    76. Volz, Ulrich, 2013. "RMB internationalisation and currency co-operation in East Asia," Working Papers 125, University of Leipzig, Faculty of Economics and Management Science.

  26. Barry Eichengreen & Marc Flandreau, 2008. "The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?," NBER Working Papers 14154, National Bureau of Economic Research, Inc.

    Cited by:

    1. Hyoung-kyu Chey, 2013. "The Concepts, Consequences, and Determinants of Currency Internationalization," GRIPS Discussion Papers 13-03, National Graduate Institute for Policy Studies.
    2. Huiqing Li & Daofan Jia & Jia Li, 2023. "Currency internationalization and openness: A paradigm from renminbi," Review of International Economics, Wiley Blackwell, vol. 31(3), pages 956-984, August.
    3. Piffaretti, Nadia F., 2008. "Reshaping the International Monetary Architecture and Addressing Global Imbalances: Lessons from the Keynes Plan," MPRA Paper 12165, University Library of Munich, Germany.
    4. Sau, Lino, 2014. "Do the International Monetary and Financial Systems Need More than Short-Term Cosmetics Reforms?," CESMEP Working Papers 201403, University of Turin.
    5. Samar Maziad & Mr. Joong S Kang, 2012. "RMB Internationalization: O+L5022nshore/Offshore Links," IMF Working Papers 2012/133, International Monetary Fund.
    6. Frankel, Jeffrey A., 2012. "Internationalization of the RMB and Historical Precedents," Scholarly Articles 10592469, Harvard Kennedy School of Government.
    7. Ritschl, Albrecht & Sarferaz, Samad, 2009. "Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931," CEPR Discussion Papers 7610, C.E.P.R. Discussion Papers.
    8. Dariusz Eligiusz Staszczak, 2021. "Fall of the Global Gold Exchange Standard and the Formation of the Contemporary Free Gold Market," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 341-347.
    9. Scott Andrew Urban, 2009. "The Name of the Rose: Classifying 1930s Exchange-Rate Regimes," Oxford Economic and Social History Working Papers _076, University of Oxford, Department of Economics.
    10. Pavel Trunin & Sergey Narkevich, 2013. "Prospects for the Russian Ruble to Become Regional Reserve Currency," Working Papers 118, Gaidar Institute for Economic Policy, revised 2015.
    11. Agnès Bénassy-Quéré & Jean Pisani-Ferry, 2011. "Quel système monétaire international pour une économie mondiale en mutation rapide ?," Working Papers 2011-04, CEPII research center.
    12. Maria Malmierca-Ordoqui & Luis A. Gil-Alana & Manuel Monge, 2024. "Fractional cointegration between energy imports to the EURO area and exchange rates to the US dollar," Empirical Economics, Springer, vol. 66(2), pages 859-882, February.
    13. Riccardo Fiorentini & Guido Montani, 2012. "The New Global Political Economy," Books, Edward Elgar Publishing, number 14443, August.
    14. Virginie Coudert, 2009. "Mythes et réalités de la « zone dollar »," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 151-169.
    15. Piffaretti, Nadia F., 2009. "Reshaping the international monetary architecture : lessons from Keynes'plan," Policy Research Working Paper Series 5034, The World Bank.
    16. Delphine Lahet & Stéphanie Prat, 2023. "Local-currency debt and currency internationalization dynamics: A nonlinear framework," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 215-254, February.
    17. Karim Pakravan, 2011. "Global financial architecture, global imbalances and the future of the dollar in a post‐crisis world," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 19(1), pages 18-32, February.
    18. Wyplosz Charles, 2010. "Is the Era of the Dollar Over?," Journal of Globalization and Development, De Gruyter, vol. 1(2), pages 1-16, December.
    19. Barry Eichengreen & Douglas A. Irwin, 2009. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," NBER Working Papers 15142, National Bureau of Economic Research, Inc.
    20. Arvind Subramanian, 2011. "Renminbi Rules: The Conditional Imminence of the Reserve Currency Transition," Working Paper Series WP11-14, Peterson Institute for International Economics.
    21. Menzie Chinn, 2015. "Emerging Market Economies and the Next Reserve Currencies," Open Economies Review, Springer, vol. 26(1), pages 155-174, February.
    22. Bordo, Michael D., 2012. "Could the United States have had a better central bank? An historical counterfactual speculation," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 597-607.
    23. Marc Flandreau & Clemens Jobst, 2009. "The Empirics of International Currencies: Network Externalities, History and Persistence," Economic Journal, Royal Economic Society, vol. 119(537), pages 643-664, April.
    24. Édouard Vidon, 2009. "Monnaies de réserve et stabilité financière internationale," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 219-232.
    25. Albrecht Ritschl & Samad Sarferaz, 2014. "Currency Versus Banking In The Financial Crisis Of 1931," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(2), pages 349-373, May.
    26. Michael Bordo & Harold James, 2009. "Le dollar américain et son rôle dans l’ordre monétaire international," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 171-186.
    27. Lin, Justin Yifu & Fardoust, Shahrokh & Rosenblatt, David, 2012. "Reform of the international monetary system : a jagged history and uncertain prospects," Policy Research Working Paper Series 6070, The World Bank.
    28. Sergey Narkevich & Pavel Trunin, 2012. "Reserve Currencies: Factors of Evolution and their Role in the World Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 162P.
    29. Linda S. Goldberg, 2010. "Is the international role of the dollar changing?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 16(Jan).
    30. Hyoung-kyu Chey & Yu Wai Vic Li, 2016. "Bringing the Central Bank into the Study of Currency Internationalization: Monetary Policy, Independence, and Internationalization," GRIPS Discussion Papers 15-23, National Graduate Institute for Policy Studies.

  27. Flandreau, Marc & Flores, Juan & Gaillard, Norbert, 2007. "Bonds and Brands: Lessons from the 1820s," CEPR Discussion Papers 6420, C.E.P.R. Discussion Papers.

    Cited by:

    1. Sebastián Nieto Parra, 2008. "Who Saw Sovereign Debt Crises Coming?," OECD Development Centre Working Papers 274, OECD Publishing.
    2. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.

  28. Flandreau, Marc, 2007. "Pillars of Globalization: A history of monetary policy targets, 1797-1997," CEPR Discussion Papers 6252, C.E.P.R. Discussion Papers.

    Cited by:

    1. Peter Stella, 2010. "Minimising monetary policy," BIS Working Papers 330, Bank for International Settlements.
    2. Jagjit S. Chadha & Elisa Newby, 2013. "’Midas, transmuting all, into paper’: the Bank of England and the Banque de France during the Napoleonic Wars," Cambridge Working Papers in Economics 1330, Faculty of Economics, University of Cambridge.
    3. Willem H. Buiter, 2007. "Seigniorage," NBER Working Papers 12919, National Bureau of Economic Research, Inc.
    4. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, January.

  29. Flandreau, Marc & Flores, Juan-Huitzi, 2007. "Bonds and Brands : intermediaries and reputation in sovereign debt markets 1820-1830," IFCS - Working Papers in Economic History.WH wp07-12, Universidad Carlos III de Madrid. Instituto Figuerola.

    Cited by:

    1. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.
    2. Bradley, Michael & De Lira Salvatierra, Irving & Gulati, Mitu, 2014. "Lawyers: Gatekeepers of the sovereign debt market?," International Review of Law and Economics, Elsevier, vol. 38(S), pages 150-168.
    3. Marc Flandreau & Juan Flores, 2011. "Bondholders vs. bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," Working Papers 0002, European Historical Economics Society (EHES).
    4. Carlos Marichal, 2014. "Historical reflections on the causes of financial crises: Official investigations, past and present, 1873–2011," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 10(02), pages 81-91.
    5. Flandreau, Marc & Flores, Juan, 2010. "Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt," CEPR Discussion Papers 7915, C.E.P.R. Discussion Papers.
    6. Marc Flandreau, Juan Flores, 2010. "Hamlet Without The Prince of Denmark: Relationship Banking and Conditionality Lending In The London Market For Foreign Government Debt, 1815 - 1913," IHEID Working Papers 08-2010, Economics Section, The Graduate Institute of International Studies.

  30. Flandreau, Marc & Jobst, Clemens, 2006. "The Empirics of International Currencies: Historical Evidence," CEPR Discussion Papers 5529, C.E.P.R. Discussion Papers.

    Cited by:

    1. Gergely Hudecz & Edmund Moshammer & Alexander Raabe & Gong Cheng, 2021. "The euro in the world," Discussion Papers 16, European Stability Mechanism, revised 27 Oct 2021.
    2. Gabriele Galati & Philip Wooldridge, 2009. "The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 14(1), pages 1-23.
    3. Claudio Borio & Gabriele Galati & Alexandra Heath, 2008. "FX reserve management: trends and challenges," BIS Papers, Bank for International Settlements, number 40, May.
    4. Hermann Remsperger & Adalbert Winkler, 2009. "Welchen Einfluss hat der Wechselkurs auf die internationale Rolle von US‐Dollar und Euro?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(1), pages 21-38, February.

  31. Marc Flandreau & Clemens Jobst, 2006. "The Empirics of International Currencies: Evidence from the 19th Century," Working Papers hal-01065631, HAL.

    Cited by:

    1. Gabriele Galati & Philip Wooldridge, 2009. "The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 14(1), pages 1-23.

  32. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2006. "The Bell Jar: Commercial Interest Rates between Two Revolutions, 1688-1789," CEPR Discussion Papers 5940, C.E.P.R. Discussion Papers.

    Cited by:

    1. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009. "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers 7169, C.E.P.R. Discussion Papers.
    2. Monnet, Eric, 2019. "Interest rates," CEPR Discussion Papers 13896, C.E.P.R. Discussion Papers.
    3. Clemens Jobst & Stefano Ugolini, 2016. "The Coevolution of Money Markets and Monetary Policy, 1815–2008," Post-Print hal-01357712, HAL.
    4. Nogues-Marco, Pilar, 2017. "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers unige:100808, University of Geneva, Paul Bairoch Institute of Economic History.
    5. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2019. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," Economics Discussion Paper Series 1906, Economics, The University of Manchester, revised May 2022.
    6. Vincent Bignon & Marc Flandreau & Stefano Ugolini, 2009. "Bagehot for beginners: The making of lending of last resort operations in the mid-19th century," Working Paper 2009/22, Norges Bank.
    7. Nils Herger, 2018. "Interest-parity conditions during the era of the classical gold standard (1880–1914)—evidence from the investment demand for bills of exchange in Europe," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 154(1), pages 1-12, December.
    8. Mitchener, Kris James & Weidenmier, Marc D, 2013. "Searching for Irving Fisher," CAGE Online Working Paper Series 133, Competitive Advantage in the Global Economy (CAGE).
    9. Peter Koudijs, 2013. "The boats that did not sail: Asset Price Volatility and Market Efficiency in a Natural Experiment," NBER Working Papers 18831, National Bureau of Economic Research, Inc.
    10. Pablo Martín-Aceña & Pilar Nogues-Marco, 2012. "Crisis bancarias en la historia de España. Del Antiguo Régimen a los orígenes del capitalismo moderno," Documentos de Trabajo (DT-AEHE) 1201, Asociación Española de Historia Económica.
    11. Freire Costa, Leonor & Münch Miranda, Susana & Nogues-Marco, Pilar, 2021. "Early modern financial development in the Iberian peninsula," Working Papers unige:147492, University of Geneva, Paul Bairoch Institute of Economic History.
    12. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.

  33. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.

    Cited by:

    1. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.
    3. Handler, Heinz, 2013. "The eurozone: piecemeal approach to an optimum currency area," MPRA Paper 67183, University Library of Munich, Germany.
    4. Maxence Follot, 2024. "The impact of populism on central bank communication: Analyzing theoretical developments and the case of Hungary," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 21(1), pages 65-95, June.
    5. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, January.
    6. Pope, Robin & Selten, Reinhard & Kube, Sebastian & von Hagen, Jürgen, 2009. "Prominent Numbers, Indices and Ratios in Exchange Rate Determination and Financial Crashes: in Economists’ Models, in the Field and in the Laboratory," Bonn Econ Discussion Papers 18/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).

  34. Marc Flandreau & Clemens Jobst, 2005. "The Ties that Divide : a Network Analysis of the International Monetary System, 1890-1910," Sciences Po Economics Publications (main) hal-03416103, HAL.

    Cited by:

    1. Di Martino Paolo & Bagliano Fabio, 2022. "A dissonant violin in the international orchestra? Discount rate policy in Italy (1894-1913)," Working papers 077, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    2. Voth, Hans-Joachim & Drelichman, Mauricio, 2009. "Lending to the Borrower from Hell: Debt and Default in the Age of Philip II, 1556-1598," CEPR Discussion Papers 7276, C.E.P.R. Discussion Papers.
    3. Accominotti, Olivier & Ugolini, Stefano, 2019. "International Trade Finance From the Origins to the Present: Market Structures, Regulation, and Governance," CEPR Discussion Papers 13661, C.E.P.R. Discussion Papers.
    4. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009. "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers 7169, C.E.P.R. Discussion Papers.
    5. Eric Monnet & Francois R. Velde, 2020. "Money, Banking, and Old-School Historical Economics," Working Paper Series WP-2020-28, Federal Reserve Bank of Chicago.
    6. Emmanuel Lazega & Saraï Sapulete & Lise Mounier, 2011. "Structural stability regardless of membership turnover? The added value of blockmodelling in the analysis of network evolution," Quality & Quantity: International Journal of Methodology, Springer, vol. 45(1), pages 129-144, January.
    7. Tunçer, Coşkun, 2012. "Monetary sovereignty during the classical gold standard era: the Ottoman Empire and Europe, 1880-1913," LSE Research Online Documents on Economics 44725, London School of Economics and Political Science, LSE Library.
    8. Nogues-Marco, Pilar, 2017. "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers unige:100808, University of Geneva, Paul Bairoch Institute of Economic History.
    9. Accominotti, Olivier & Lucena-Piquero, Delio & Ugolini, Stefano, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," LSE Research Online Documents on Economics 107104, London School of Economics and Political Science, LSE Library.
    10. Drelichman, Mauricio & Voth, Hans-Joachim, 2008. "Lending to the Borrower from Hell: Debt and Default in the Age of Phillip II," Economics working papers mauricio_drelichman-2008-, Vancouver School of Economics, revised 06 Sep 2010.
    11. Thomas C. Owen, 2013. "Measuring business cycles in the Russian Empire," Economic History Review, Economic History Society, vol. 66(3), pages 895-916, August.
    12. De Nicola, Giacomo & Fritz, Cornelius & Mehrl, Marius & Kauermann, Göran, 2023. "Dependence matters: Statistical models to identify the drivers of tie formation in economic networks," Journal of Economic Behavior & Organization, Elsevier, vol. 215(C), pages 351-363.
    13. Ali Coskun Tuncer, 2009. "„What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914," SEEMHN papers 2, National Bank of Serbia.
    14. Marc Flandreau & Stefano Ugolini, 2011. "Where It All Began: Lending of Last Resort and the Bank of England During the Overend, Gurney Panic of 1866," Working Papers 0007, European Historical Economics Society (EHES).
    15. Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Working Papers hal-01065619, HAL.
    16. Colliac, Stéphane & Lapteacru, Ion, 2008. "Three countries' debt profiles: Average maturities in Mexico, Brazil, and Russia," Journal of Multinational Financial Management, Elsevier, vol. 18(2), pages 94-111, April.
    17. Marc Flandreau & Clemens Jobst, 2006. "The Empirics of International Currencies: Evidence from the 19th Century," Working Papers hal-01065631, HAL.
    18. Nils Herger, 2018. "Interest-parity conditions during the era of the classical gold standard (1880–1914)—evidence from the investment demand for bills of exchange in Europe," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 154(1), pages 1-12, December.
    19. Tao Liu & Xiaosong Wang & Wing Thye Woo, 2024. "Network effect and international currency," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(3), pages 600-626, July.
    20. Marc Flandreau & Clemens Jobst, 2009. "The Empirics of International Currencies: Network Externalities, History and Persistence," Economic Journal, Royal Economic Society, vol. 119(537), pages 643-664, April.
    21. Wilfried Kisling & Marco Molteni, 2025. "The London money market and non-British bank lending during the first globalisation: evidence from Brazil," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 19(1), pages 81-122, January.
    22. Esteves, Rui Pedro & Reis, Jaime & Ferramosca, Fabiano, 2009. "Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854-1891," Explorations in Economic History, Elsevier, vol. 46(3), pages 324-345, July.
    23. Stefano Ugolini, 2012. "Foreign Exchange Reserve Management in the 19 th Century: The National Bank of Belgium in the 1850s," Post-Print hal-01293720, HAL.
    24. Arola, Mika, 2006. "Foreign capital and Finland: central government's firstperiod of reliance on international financial markets 1862-1938," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2006_037, December.
    25. Prasanna Gai & Gavin Cameron & Kang Yong Tan, 2009. "Sovereign Risk in the Classical Gold Standard Era," The Economic Record, The Economic Society of Australia, vol. 85(271), pages 401-416, December.
    26. Akerman, Anders & Larsson, Anna, 2010. "The Global Arms Trade Network 1950-2007," Research Papers in Economics 2010:2, Stockholm University, Department of Economics.
    27. Toshiki Kawashima, 2018. "A European Political-Economic Space That Embraced Japan: The International Context of the Conventional Tariff Network, CA. 1892-1914," CEH Discussion Papers 08, Centre for Economic History, Research School of Economics, Australian National University.
    28. Michael D. Bordo & Christopher M. Meissner, 2007. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," NBER Chapters, in: The Decline of Latin American Economies: Growth, Institutions, and Crises, pages 139-194, National Bureau of Economic Research, Inc.
    29. Barry Eichengreen & Marc Flandreau, 2010. "The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39," BIS Working Papers 328, Bank for International Settlements.
    30. Marc Flandreau & Stefano Ugolini, 2013. "Where It All Began: Lending of Last Resort and Bank of England Monitoring During the Overend-Gurney Panic of 1866," Post-Print hal-01293916, HAL.
    31. Sarah Cochrane, 2009. "Explaining London's Dominance in International Financial Services, 1870-1913," Economics Series Working Papers 455, University of Oxford, Department of Economics.
    32. Barry Eichengreen & Marc Flandreau, 2012. "The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914–1939," Open Economies Review, Springer, vol. 23(1), pages 57-87, February.
    33. Mariko Hatase, 2023. "How Do People Form the Perception of a Link between Foreign Exchange Rates and Exports? The Experience of Japan in the 1920s," IMES Discussion Paper Series 23-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
    34. Riccardo Muolo & Joseph D. O’Brien & Timoteo Carletti & Malbor Asllani, 2024. "Persistence of chimera states and the challenge for synchronization in real-world networks," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 97(1), pages 1-16, January.
    35. Morys, Matthias, 2013. "Discount rate policy under the Classical Gold Standard: Core versus periphery (1870s–1914)," Explorations in Economic History, Elsevier, vol. 50(2), pages 205-226.
    36. Mariko Hatase & Mototsugu Shintani & Tomoyoshi Yabu, 2013. "Great earthquakes, exchange rate volatility and government interventions," Vanderbilt University Department of Economics Working Papers 13-00007, Vanderbilt University Department of Economics.
    37. Nils Herger, 2016. "Interest parity conditions during the classical gold standard (1880 -1914) - Evidence from the investment demand for bills of exchange in Europe," Discussion Papers 1607, University of Exeter, Department of Economics.
    38. Benjamin Cohen, 2012. "The Benefits and Costs of an International Currency: Getting the Calculus Right," Open Economies Review, Springer, vol. 23(1), pages 13-31, February.

  35. Marc Flandreau & John Komlos, 2005. "Target zones in History and Theory : efficiency, credibility and policy autonomy," Working Papers hal-01065605, HAL.

    Cited by:

    1. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.

  36. Flandreau, Marc & Accominotti, Olivier, 2005. "Does Bilateralism Promote Trade? Nineteenth Century Liberalization Revisited," CEPR Discussion Papers 5423, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kevin H. O'Rourke, Leandro Prados de la Escosura and Guilllaume Daudin, 2008. "Trade and Empire, 1700-1870," The Institute for International Integration Studies Discussion Paper Series iiisdp249, IIIS.
    2. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," NBER Working Papers 13765, National Bureau of Economic Research, Inc.
    3. Jacks, David S & Meissner, Christopher & Novy, Dennis, 2010. "Trade Booms, Trade Busts and Trade Costs," CAGE Online Working Paper Series 33, Competitive Advantage in the Global Economy (CAGE).
    4. David S. Jacks & Christopher M. Meissner & Dennis Novy, 2006. "Trade Costs in the First Wave of Globalization," NBER Working Papers 12602, National Bureau of Economic Research, Inc.
    5. Michel Fouquin & Jules Hugot, 2016. "Back to the Future: International Trade Costs and the Two Globalizations," Working Papers 2016-13, CEPII research center.
    6. Gerhard Kling & Joerg Baten & Kirsten Labuske, 2011. "FDI of German Companies During Globalization and Deglobalization," Open Economies Review, Springer, vol. 22(2), pages 247-270, April.
    7. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," Economic Journal, Royal Economic Society, vol. 118(533), pages 1805-1834, November.
    8. Stéphane BECUWE & Bertrand BLANCHETON, 2012. "The dispersion of customs tariffs in France between 1850 and 1913: discrimination in trade policy," Cahiers du GREThA (2007-2019) 2012-13, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    9. Tena Junguito, Antonio & Lampe, Markus & Tâmega, Felipe, 2012. "How much trade liberalization was there in the world before and after Cobden-Chevalier?," IFCS - Working Papers in Economic History.WH wp12-02, Universidad Carlos III de Madrid. Instituto Figuerola.
    10. Paulo Reis Mourao, 2015. "Discussing Chevalier’s Data on the Efficiency of Tariffs for American and French Canals in the 1830s," SAGE Open, , vol. 5(2), pages 21582440155, April.
    11. Stéphane BECUWE & Bertrand BLANCHETON & Léo CHARLES, 2012. "The decline of French trade power during the first globalization (1850-1913)," Cahiers du GREThA (2007-2019) 2012-22, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

  37. Flandreau, Marc, 2005. "'Home Biases', 19th Century Style," CEPR Discussion Papers 5398, C.E.P.R. Discussion Papers.

    Cited by:

    1. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.

  38. Flandreau, Marc & Komlos, John, 2005. "Target Zones in Theory and History: Credibility, Efficiency, and Policy Autonomy," CEPR Discussion Papers 5199, C.E.P.R. Discussion Papers.

    Cited by:

    1. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
    2. Richard C.K. Burdekin & Kris James Mitchener & Marc D. Weidenmier, 2011. "Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?," NBER Working Papers 17123, National Bureau of Economic Research, Inc.
    3. Stefano Ugolini, 2012. "The origins of foreign exchange policy: the National Bank of Belgium and the quest for monetary independence in the 1850s," Post-Print hal-01293694, HAL.
    4. John Williamson, 2006. "A Worldwide System of Reference Rates," Working Papers 130, Oesterreichische Nationalbank (Austrian Central Bank).
    5. Nils Herger, 2018. "Interest-parity conditions during the era of the classical gold standard (1880–1914)—evidence from the investment demand for bills of exchange in Europe," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 154(1), pages 1-12, December.
    6. Esteves, Rui Pedro & Reis, Jaime & Ferramosca, Fabiano, 2009. "Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854-1891," Explorations in Economic History, Elsevier, vol. 46(3), pages 324-345, July.
    7. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    8. Marc Flandreau, 2006. "Comments on J. Williamson: “A worldwide system of reference ratesâ€\x9D," International Economics and Economic Policy, Springer, vol. 3(3), pages 353-357, December.
    9. Sussman, Nathan & Spivak, Avia, 2008. "Inflation Targeting as the New Golden Standard," CEPR Discussion Papers 7001, C.E.P.R. Discussion Papers.
    10. Nils Herger, 2016. "Interest parity conditions during the classical gold standard (1880 -1914) - Evidence from the investment demand for bills of exchange in Europe," Discussion Papers 1607, University of Exeter, Department of Economics.

  39. Flandreau, Marc & Jobst, Clemens, 2005. "The Ties that Divide. A Network Analysis of the International Monetary System," CEPR Discussion Papers 5129, C.E.P.R. Discussion Papers.

    Cited by:

    1. Di Martino Paolo & Bagliano Fabio, 2022. "A dissonant violin in the international orchestra? Discount rate policy in Italy (1894-1913)," Working papers 077, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    2. Voth, Hans-Joachim & Drelichman, Mauricio, 2009. "Lending to the Borrower from Hell: Debt and Default in the Age of Philip II, 1556-1598," CEPR Discussion Papers 7276, C.E.P.R. Discussion Papers.
    3. Accominotti, Olivier & Ugolini, Stefano, 2019. "International Trade Finance From the Origins to the Present: Market Structures, Regulation, and Governance," CEPR Discussion Papers 13661, C.E.P.R. Discussion Papers.
    4. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009. "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers 7169, C.E.P.R. Discussion Papers.
    5. Eric Monnet & Francois R. Velde, 2020. "Money, Banking, and Old-School Historical Economics," Working Paper Series WP-2020-28, Federal Reserve Bank of Chicago.
    6. Emmanuel Lazega & Saraï Sapulete & Lise Mounier, 2011. "Structural stability regardless of membership turnover? The added value of blockmodelling in the analysis of network evolution," Quality & Quantity: International Journal of Methodology, Springer, vol. 45(1), pages 129-144, January.
    7. Tunçer, Coşkun, 2012. "Monetary sovereignty during the classical gold standard era: the Ottoman Empire and Europe, 1880-1913," LSE Research Online Documents on Economics 44725, London School of Economics and Political Science, LSE Library.
    8. Nogues-Marco, Pilar, 2017. "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers unige:100808, University of Geneva, Paul Bairoch Institute of Economic History.
    9. Accominotti, Olivier & Lucena-Piquero, Delio & Ugolini, Stefano, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," LSE Research Online Documents on Economics 107104, London School of Economics and Political Science, LSE Library.
    10. Drelichman, Mauricio & Voth, Hans-Joachim, 2008. "Lending to the Borrower from Hell: Debt and Default in the Age of Phillip II," Economics working papers mauricio_drelichman-2008-, Vancouver School of Economics, revised 06 Sep 2010.
    11. Thomas C. Owen, 2013. "Measuring business cycles in the Russian Empire," Economic History Review, Economic History Society, vol. 66(3), pages 895-916, August.
    12. De Nicola, Giacomo & Fritz, Cornelius & Mehrl, Marius & Kauermann, Göran, 2023. "Dependence matters: Statistical models to identify the drivers of tie formation in economic networks," Journal of Economic Behavior & Organization, Elsevier, vol. 215(C), pages 351-363.
    13. Ali Coskun Tuncer, 2009. "„What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914," SEEMHN papers 2, National Bank of Serbia.
    14. Christopher M Meissner & Michael D Bordo, 2006. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," WEF Working Papers 0002, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    15. Marc Flandreau & Stefano Ugolini, 2011. "Where It All Began: Lending of Last Resort and the Bank of England During the Overend, Gurney Panic of 1866," Working Papers 0007, European Historical Economics Society (EHES).
    16. Colliac, Stéphane & Lapteacru, Ion, 2008. "Three countries' debt profiles: Average maturities in Mexico, Brazil, and Russia," Journal of Multinational Financial Management, Elsevier, vol. 18(2), pages 94-111, April.
    17. Marc Flandreau & Clemens Jobst, 2006. "The Empirics of International Currencies: Evidence from the 19th Century," Working Papers hal-01065631, HAL.
    18. Tao Liu & Xiaosong Wang & Wing Thye Woo, 2024. "Network effect and international currency," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(3), pages 600-626, July.
    19. Marc Flandreau & Clemens Jobst, 2009. "The Empirics of International Currencies: Network Externalities, History and Persistence," Economic Journal, Royal Economic Society, vol. 119(537), pages 643-664, April.
    20. Wilfried Kisling & Marco Molteni, 2025. "The London money market and non-British bank lending during the first globalisation: evidence from Brazil," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 19(1), pages 81-122, January.
    21. Esteves, Rui Pedro & Reis, Jaime & Ferramosca, Fabiano, 2009. "Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854-1891," Explorations in Economic History, Elsevier, vol. 46(3), pages 324-345, July.
    22. Stefano Ugolini, 2012. "Foreign Exchange Reserve Management in the 19 th Century: The National Bank of Belgium in the 1850s," Post-Print hal-01293720, HAL.
    23. Arola, Mika, 2006. "Foreign capital and Finland: central government's firstperiod of reliance on international financial markets 1862-1938," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2006_037, December.
    24. Prasanna Gai & Gavin Cameron & Kang Yong Tan, 2009. "Sovereign Risk in the Classical Gold Standard Era," The Economic Record, The Economic Society of Australia, vol. 85(271), pages 401-416, December.
    25. Akerman, Anders & Larsson, Anna, 2010. "The Global Arms Trade Network 1950-2007," Research Papers in Economics 2010:2, Stockholm University, Department of Economics.
    26. Barry Eichengreen & Marc Flandreau, 2010. "The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39," BIS Working Papers 328, Bank for International Settlements.
    27. Marc Flandreau & Stefano Ugolini, 2013. "Where It All Began: Lending of Last Resort and Bank of England Monitoring During the Overend-Gurney Panic of 1866," Post-Print hal-01293916, HAL.
    28. Sarah Cochrane, 2009. "Explaining London's Dominance in International Financial Services, 1870-1913," Economics Series Working Papers 455, University of Oxford, Department of Economics.
    29. Barry Eichengreen & Marc Flandreau, 2012. "The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914–1939," Open Economies Review, Springer, vol. 23(1), pages 57-87, February.
    30. Mariko Hatase, 2023. "How Do People Form the Perception of a Link between Foreign Exchange Rates and Exports? The Experience of Japan in the 1920s," IMES Discussion Paper Series 23-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
    31. Riccardo Muolo & Joseph D. O’Brien & Timoteo Carletti & Malbor Asllani, 2024. "Persistence of chimera states and the challenge for synchronization in real-world networks," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 97(1), pages 1-16, January.
    32. Morys, Matthias, 2013. "Discount rate policy under the Classical Gold Standard: Core versus periphery (1870s–1914)," Explorations in Economic History, Elsevier, vol. 50(2), pages 205-226.
    33. Mariko Hatase & Mototsugu Shintani & Tomoyoshi Yabu, 2013. "Great earthquakes, exchange rate volatility and government interventions," Vanderbilt University Department of Economics Working Papers 13-00007, Vanderbilt University Department of Economics.
    34. Nils Herger, 2016. "Interest parity conditions during the classical gold standard (1880 -1914) - Evidence from the investment demand for bills of exchange in Europe," Discussion Papers 1607, University of Exeter, Department of Economics.
    35. Benjamin Cohen, 2012. "The Benefits and Costs of an International Currency: Getting the Calculus Right," Open Economies Review, Springer, vol. 23(1), pages 13-31, February.

  40. Flandreau, Marc & Sussman, Nathan, 2004. "Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century," CEPR Discussion Papers 4248, C.E.P.R. Discussion Papers.

    Cited by:

    1. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
    2. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    3. Flandreau, Marc & Jobst, Clemens, 2005. "The Ties that Divide. A Network Analysis of the International Monetary System," CEPR Discussion Papers 5129, C.E.P.R. Discussion Papers.
    4. Michael D. Bordo & Christopher M. Meissner & Marc D. Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," NBER Working Papers 12299, National Bureau of Economic Research, Inc.
    5. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Claudio Borio & Frank Packer, 2004. "Assessing new perspectives on country risk," BIS Quarterly Review, Bank for International Settlements, December.
    7. Eichengreen, Barry & Flandreau, Marc, 2008. "The Rise and Fall of the Dollar, or When did the Dollar Replace Sterling as the Leading Reserve Currency?," CEPR Discussion Papers 6869, C.E.P.R. Discussion Papers.
    8. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.
    9. Prasanna Gai & Kang-yong Tan, 2004. "Good Housekeeping? Reputation, Fixed Exchange Rates, and the 'Original Sin' Problem," Working Papers 082004, Hong Kong Institute for Monetary Research.
    10. Arnaud Mehl & Julien Reynaud, 2008. "Domestic debt structures in emerging markets: new empirical evidence," Documents de travail du Centre d'Economie de la Sorbonne bla08059, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    11. Barry Eichengreen, 2005. "Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Competition," NBER Working Papers 11336, National Bureau of Economic Research, Inc.
    12. Marc Flandreau & Clemens Jobst, 2005. "The Ties that Divide: A Network Analysis of the International Monetary System, 1890-1910," Working Papers hal-01065599, HAL.
    13. Bordo, Michael D. & Meissner, Christopher M. & Weidenmier, Marc D., 2009. "Identifying the effects of an exchange rate depreciation on country risk: Evidence from a natural experiment," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 1022-1044, October.
    14. Mr. Paolo Mauro & Yishay Yafeh, 2003. "The Corporation of Foreign Bondholders," IMF Working Papers 2003/107, International Monetary Fund.
    15. Sussman, Nathan & Yafeh, Yishay & Mauro, Paolo, 2006. "Bloodshed or Reforms? The Determinants of Sovereign Bond Spreads in 1870-1913 and Today," CEPR Discussion Papers 5528, C.E.P.R. Discussion Papers.
    16. Mehl, Arnaud & Reynaud, Julien, 2005. "The determinants of "domestic" original sin in emerging market economies," Working Paper Series 560, European Central Bank.
    17. Maurice Obstfeld & Alan M. Taylor, 2002. "Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31," NBER Working Papers 9345, National Bureau of Economic Research, Inc.
    18. Guido Sandleris, 2015. "The Costs of Sovereign Defaults:Theory and Empirical Evidence," Business School Working Papers 2015-02, Universidad Torcuato Di Tella.
    19. Mr. Olivier D Jeanne, 2003. "Why Do Emerging Economies Borrow in Foreign Currency?," IMF Working Papers 2003/177, International Monetary Fund.
    20. Paul Lejot & Douglas Arner & Liu Qiao & Mylene Chan & Mshall Mays, 2003. "Asia's Debt Capital Markets: Appraisal and Agenda for Policy Reform," Working Papers 192003, Hong Kong Institute for Monetary Research.
    21. Jón Daníelsson & Ásgeir Jónsson, 2005. "Countercyclical Capital and Currency Dependence," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 14(5), pages 329-348, December.
    22. Barry Eichengreen & Marc Flandreau, 2008. "The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?," NBER Working Papers 14154, National Bureau of Economic Research, Inc.
    23. Hausmann, Ricardo & Panizza, Ugo, 2003. "On the determinants of Original Sin: an empirical investigation," Journal of International Money and Finance, Elsevier, vol. 22(7), pages 957-990, December.
    24. Mehl, Arnaud & Reynaud, Julien, 2010. "Risky public domestic debt composition in emerging economies," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 1-18, February.
    25. Michael D. Bordo & Christopher Meissner & Angela Redish, 2003. "How "Original Sin" was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions," NBER Working Papers 9841, National Bureau of Economic Research, Inc.

  41. Marc Flandreau & Nathan Sussman, 2004. "Old sins. Exchange Clauses and European Foreign Lending in the 19th Century," Working Papers hal-01065494, HAL.

    Cited by:

    1. Ogren, Anders, 2006. "Free or central banking? Liquidity and financial deepening in Sweden, 1834-1913," Explorations in Economic History, Elsevier, vol. 43(1), pages 64-93, January.
    2. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    3. Essers, Dennis & Cassimon, Danny, 2012. "Washing away original sin: vulnerability to crisis and the role of local currency bonds in Sub-Saharan Africa," IOB Working Papers 2012.12, Universiteit Antwerpen, Institute of Development Policy (IOB).
    4. Flandreau, Marc & Jobst, Clemens, 2005. "The Ties that Divide. A Network Analysis of the International Monetary System," CEPR Discussion Papers 5129, C.E.P.R. Discussion Papers.
    5. Michael D. Bordo & Christopher M. Meissner & Marc D. Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," NBER Working Papers 12299, National Bureau of Economic Research, Inc.
    6. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Arnaud Mehl & Julien Reynaud, 2008. "Domestic Debt Structures in Emerging Markets : New Empirical Evidence," Post-Print halshs-00332049, HAL.
    8. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.
    9. Peist, Moritz Manuel, 2023. "Original sin and the CFA Franc: A case study of the West African Economic and Monetary Union," IPE Working Papers 210/2023, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    10. Ali Coskun Tuncer, 2009. "„What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914," SEEMHN papers 2, National Bank of Serbia.
    11. Marc Flandreau & Clemens Jobst, 2005. "The Ties that Divide: A Network Analysis of the International Monetary System, 1890-1910," Working Papers hal-01065599, HAL.
    12. Bordo, Michael D. & Meissner, Christopher M. & Weidenmier, Marc D., 2009. "Identifying the effects of an exchange rate depreciation on country risk: Evidence from a natural experiment," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 1022-1044, October.
    13. Mr. Barry J. Eichengreen & Ms. Asmaa A ElGanainy & Rui Pedro Esteves & Kris James Mitchener, 2019. "Public Debt Through the Ages," IMF Working Papers 2019/006, International Monetary Fund.
    14. Sussman, Nathan & Yafeh, Yishay & Mauro, Paolo, 2006. "Bloodshed or Reforms? The Determinants of Sovereign Bond Spreads in 1870-1913 and Today," CEPR Discussion Papers 5528, C.E.P.R. Discussion Papers.
    15. Mehl, Arnaud & Reynaud, Julien, 2005. "The determinants of "domestic" original sin in emerging market economies," Working Paper Series 560, European Central Bank.
    16. Anders Ögren, 2008. "Sweden’s Monetary Internationalization under the Silver and Gold Standards, 1834–1913," Working Papers hal-04140758, HAL.
    17. Jón Daníelsson & Ásgeir Jónsson, 2005. "Countercyclical Capital and Currency Dependence," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 14(5), pages 329-348, December.
    18. Bengui, Julien & Nguyen, Ha, 2016. "Consumption baskets and currency choice in international borrowing," Journal of International Money and Finance, Elsevier, vol. 67(C), pages 287-304.
    19. Mehl, Arnaud & Reynaud, Julien, 2010. "Risky public domestic debt composition in emerging economies," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 1-18, February.
    20. Kramer, Bert S. & Milionis, Petros, 2022. "Democratic constraints and adherence to the classical gold standard," Explorations in Economic History, Elsevier, vol. 84(C).

  42. Flandreau, Marc & Komlos, John, 2003. "Target Zones in History and Theory: Lessons from an Austro-Hungarian Experiment (1896-1914)," Discussion Papers in Economics 75, University of Munich, Department of Economics.

    Cited by:

    1. Rui Pedro Esteves, 2005. "Market Integration in the Golden Periphery - the Lisbon/London Exchange, 1854-1891," Working Papers w200515, Banco de Portugal, Economics and Research Department.

  43. Flandreau, Marc, 2003. "Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture," CEPR Discussion Papers 3742, C.E.P.R. Discussion Papers.

    Cited by:

    1. Bordo, Michael D. & Meissner, Christopher M., 2006. "The role of foreign currency debt in financial crises: 1880-1913 versus 1972-1997," Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3299-3329, December.
    2. Sasha Indarte, 2017. "Contagion via Financial Intermediaries in Pre-1914 Sovereign Debt Markets," 2017 Meeting Papers 1141, Society for Economic Dynamics.
    3. Davide Furceri & Aleksandra Zdzienicka-Durand, 2010. "The Consequences of Banking Crises for Public Debt," Post-Print halshs-00497925, HAL.
    4. Esteves, Rui & Eichengreen, Barry, 2019. "The Trials of the Trilemma: International Finance 1870-2017," CEPR Discussion Papers 13465, C.E.P.R. Discussion Papers.
    5. Marc Flandreau & Juan Flores, 2011. "Bondholders vs. bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," Working Papers 0002, European Historical Economics Society (EHES).
    6. Basak, Gopal K. & Das, Pranab Kumar & Rohit, Allena, 2017. "Capital inflow-terms of trade ‘nexus’: Does it lead to financial crisis?," Economic Modelling, Elsevier, vol. 65(C), pages 18-29.
    7. Christopher M Meissner & Michael D Bordo, 2006. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," WEF Working Papers 0002, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    8. Christopher M Meissner & Michael D Bordo, 2006. "The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997," WEF Working Papers 0001, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    9. Flandreau, Marc & Flores, Juan, 2010. "Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt," CEPR Discussion Papers 7915, C.E.P.R. Discussion Papers.

  44. Marc Flandreau, 2003. "The Bank, the States, and the Market : an Austro-Hungarian Tale for Euroland, 1867-1914," Sciences Po Economics Publications (main) hal-03397971, HAL.

    Cited by:

    1. Patrick Minford, 2004. "Britain, the Euro, and the Five Tests," Cato Journal, Cato Journal, Cato Institute, vol. 24(1-2), pages 75-87, Spring/Su.
    2. Rodney Thom & Brendan M. Walsh, 2001. "The effect of a common currency on trade : Ireland before and after the Sterling link," Working Papers 200110, School of Economics, University College Dublin.

  45. Marc Flandreau, 2003. "Core, Periphery, Exchange Rate Regimes, and Globalization," Sciences Po Economics Publications (main) hal-03568080, HAL.

    Cited by:

    1. Jorge Carrera & Guillermo Vuletin, 2003. "The Effects of Exchange Rate Regimes on Real Exchange Rate Volatility. A Dynamic Panel Data Approach," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31st Brazilian Economics Meeting] c67, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Levy-Yeyati, Eduardo & Sturzenegger, Federico & Reggio, Iliana, 2006. "On the Endogeneity of Exchange Rate Regimes," Working Paper Series rwp06-047, Harvard University, John F. Kennedy School of Government.
    3. Dubas, Justin M. & Lee, Byung-Joo & Mark, Nelson C., 2010. "A multinomial logit approach to exchange rate policy classification with an application to growth," Journal of International Money and Finance, Elsevier, vol. 29(7), pages 1438-1462, November.
    4. Slavov, Slavi T., 2009. "Do common currencies facilitate the net flow of capital among countries?," The North American Journal of Economics and Finance, Elsevier, vol. 20(2), pages 124-144, August.
    5. M, Ramachandran & Maheswari, D., 2022. "Asymmetry in forex market intervention: Does it reflect fear of reserve inadequacy?," The Journal of Economic Asymmetries, Elsevier, vol. 25(C).
    6. Marc Flandreau & John Komlos, 2001. "How to Run a Target Zone ? Age Old Lessons from an Austro-Hungarian Experiment," Working Papers hal-01064999, HAL.
    7. Justin M. Dubas & Byung-Joo Lee & Nelson C. Mark, 2005. "Effective Exchange Rate Classifications and Growth," NBER Working Papers 11272, National Bureau of Economic Research, Inc.
    8. Leigh A. Gardner, 2014. "The rise and fall of sterling in Liberia, 1847–1943," Economic History Review, Economic History Society, vol. 67(4), pages 1089-1112, November.
    9. Gerald Epstein, 2020. "The Empirical and Institutional Limits of Modern Money Theory," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(4), pages 772-780, December.
    10. Ali Coskun Tuncer, 2009. "„What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914," SEEMHN papers 2, National Bank of Serbia.
    11. Christophe Tavéra & Jean-Christophe Poutineau & Jean-Sébastien Pentecôte & Isabelle Cadoret-David & Arthur Charpentier & Chantal Guéguen & Marilyne Huchet & Julien Licheron & Guillaume L'Oeillet & Nat, 2015. "The "Mother of All Puzzles" at thirty: a meta-analysis," Post-Print halshs-01112088, HAL.
    12. Prasanna Gai & Kang-yong Tan, 2004. "Good Housekeeping? Reputation, Fixed Exchange Rates, and the 'Original Sin' Problem," Working Papers 082004, Hong Kong Institute for Monetary Research.
    13. Layal Mansour, 2014. "The Power of International Reserves: the impossible trinity becomes possible," Working Papers halshs-01054614, HAL.
    14. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    15. Barry Eichengreen & Michael D. Bordo, 2002. "Crises Now and Then: What Lessons from the Last Era of Financial Globalization," NBER Working Papers 8716, National Bureau of Economic Research, Inc.
    16. Sell, Friedrich L., 2004. "Währungspolitik im Dienste von Entwicklung: Immer noch ein Forschungsprogramm!," Working Papers in Economics 2004,2, Bundeswehr University Munich, Economic Research Group.
    17. Flandreau, Marc & Komlos, John, 2003. "Target Zones in History and Theory: Lessons from an Austro-Hungarian Experiment (1896-1914)," Discussion Papers in Economics 75, University of Munich, Department of Economics.
    18. George Chouliarakis & Sophia Lazaretou, 2014. "Deja vu? The Greek crisis experience, the 2010s versus the 1930s. Lessons from history," Working Papers 176, Bank of Greece.
    19. Jeannine Bailliu & Robert Lafrance & Jean‐François Perrault, 2003. "Does Exchange Rate Policy Matter for Growth?," International Finance, Wiley Blackwell, vol. 6(3), pages 381-414, November.
    20. Michael P. Dooley & David Folkerts-Landau & Peter Garber, 2004. "The revived Bretton Woods system," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(4), pages 307-313.
    21. Manmohan Agarwal, 2017. "The Operation of the Gold Standard in the Core and the Periphery Before the First World War," Working Papers id:12074, eSocialSciences.
    22. Feingold, Ellen & Fourie, Johan & Gardner, Leigh, 2021. "A tale of paper and gold: the material history money in South Africa," LSE Research Online Documents on Economics 108574, London School of Economics and Political Science, LSE Library.
    23. Amadi & Agatha Nkemjika & Nwidobie & Barine Micheal & Adesina & Julius Babatunde, 2018. "Macroeconomic Implications of Exchange Rate Fluctuations on the Manufacturing Sector Performance in Nigeria," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 7(2), pages 1-1.
    24. Hausmann, Ricardo & Panizza, Ugo, 2003. "On the determinants of Original Sin: an empirical investigation," Journal of International Money and Finance, Elsevier, vol. 22(7), pages 957-990, December.
    25. Apergis, Nicholas & Tsoumas, Chris, 2009. "A survey of the Feldstein-Horioka puzzle: What has been done and where we stand," Research in Economics, Elsevier, vol. 63(2), pages 64-76, June.
    26. Mr. Ashoka Mody, 2004. "What is An Emerging Market?," IMF Working Papers 2004/177, International Monetary Fund.
    27. Mr. Aasim M. Husain & Mr. Ashoka Mody & Nienke Oomes & Mr. Robin Brooks & Mr. Kenneth Rogoff, 2003. "Evolution and Performance of Exchange Rate Regimes," IMF Working Papers 2003/243, International Monetary Fund.
    28. Michael P. Dooley & David Folkerts-Landau & Peter M. Garber, 2005. "An essay on the revived Bretton Woods system," Proceedings, Federal Reserve Bank of San Francisco, issue feb.
    29. Annina Kaltenbrunner & Machiko Nissanke, 2009. "The Case for an Intermediate Exchange Rate Regime with Endogenizing Market Structures and Capital Mobility: The Empirical Study of Brazil," WIDER Working Paper Series RP2009-29, World Institute for Development Economic Research (UNU-WIDER).
    30. Levy-Yeyati, Eduardo & Sturzenegger, Federico, 2005. "Classifying exchange rate regimes: Deeds vs. words," European Economic Review, Elsevier, vol. 49(6), pages 1603-1635, August.

  46. Flandreau, Marc & Maurel, Mathilde, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," CEPR Discussion Papers 3087, C.E.P.R. Discussion Papers.

    Cited by:

    1. Luigi Pascali, 2015. "The Wind of Change: Maritime Technology, Trade and Economic Development," Working Papers 764, Barcelona School of Economics.
    2. Reuven Glick & Alan M. Taylor, 2005. "Collateral Damage: Trade Disruption and the Economic Impact of War," Working Paper Series 2005-11, Federal Reserve Bank of San Francisco.
    3. Babetskaia-Kukharchuk, Oxana & Maurel, Mathilde, 2004. "Russia's accession to the WTO: the potential for trade increase," Journal of Comparative Economics, Elsevier, vol. 32(4), pages 680-699, December.
    4. Wolf, Nikolaus & Ritschl, Albrecht, 2003. "Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-War Period," Papers 2004,10, Humboldt University of Berlin, Center for Applied Statistics and Economics (CASE).
    5. Andrew K. Rose & T. D. Stanley, 2005. "A Meta‐Analysis of the Effect of Common Currencies on International Trade," Journal of Economic Surveys, Wiley Blackwell, vol. 19(3), pages 347-365, July.
    6. Michael D. Bordo & Christopher M. Meissner & Marc D. Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," NBER Working Papers 12299, National Bureau of Economic Research, Inc.
    7. Alan M. Taylor & Janine L. F. Wilson, 2006. "International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30," NBER Working Papers 12543, National Bureau of Economic Research, Inc.
    8. Attila Csajbók (ed.) & Ágnes Csermely (ed.), 2002. "Adopting the euro in Hungary: expected costs, benefits and timing," MNB Occasional Papers 2002/24, Magyar Nemzeti Bank (Central Bank of Hungary).
    9. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," NBER Working Papers 13765, National Bureau of Economic Research, Inc.
    10. Weidenmier, Marc & Mitchener, Kris, 2015. "Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk," CEPR Discussion Papers 10388, C.E.P.R. Discussion Papers.
    11. Roldan Alba, 2022. "The Golden Fetters in the Mediterranean Periphery. How Spain and Italy Overcame Business Cycles Between 1870 and 1913?," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 16(1), pages 170-193, January.
    12. Richard Pomfret, 2005. "Sequencing Trade and Monetary Integration," Others 0502004, University Library of Munich, Germany.
    13. Alberto Alesina & Robert J. Barro & Silvana Tenreyro, 2002. "Optimal Currency Areas," NBER Working Papers 9072, National Bureau of Economic Research, Inc.
    14. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    15. Maurel Mathilde, 2004. "Financial integration, exchange rate regimes in CEECs, and joining the EMU: Just do it..," Cahiers de la Maison des Sciences Economiques j04027a, Université Panthéon-Sorbonne (Paris 1).
    16. João Sousa Andrade, 2004. "Régimes Monétaires et Théorie Quantitative du Produit Nominal au Portugal (1854 1998)," Notas Económicas, Faculty of Economics, University of Coimbra, issue 20, pages 63-88, December.
    17. Jayjit Roy, 2009. "On the Robustness of the Trade-Inducing Effects of Trade Agreements and Currency Unions," Departmental Working Papers 0906, Southern Methodist University, Department of Economics.
    18. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," Economic Journal, Royal Economic Society, vol. 118(533), pages 1805-1834, November.
    19. Alho, Kari, 2003. "The Impact of Regionalism on Trade in Europe," Discussion Papers 843, The Research Institute of the Finnish Economy.
    20. Pomfret, Richard, 2005. "Sequencing trade and monetary integration: issues and application to Asia," Journal of Asian Economics, Elsevier, vol. 16(1), pages 105-124, February.
    21. Jacks, David S. & Meissner, Christopher M. & Novy, Dennis, 2010. "Trade costs in the first wave of globalization," Explorations in Economic History, Elsevier, vol. 47(2), pages 127-141, April.
    22. Guillaume Daudin & Matthias Morys & Kevin O'Rourke, 2008. "Europe and Globalization, 1870-1914," Working Papers hal-03459830, HAL.
    23. Franco Praussello, 2012. "The Theory of Endogenous Optimum Currency Areas: A Critical Note - La teoria delle aree monetarie ottimali endogene: una nota critica," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(1), pages 83-95.
    24. Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
    25. Maurel, Mathilde, 2004. "Current account constraint as a barrier to international trade: the evidence from the European enlargement process?," Economic Systems, Elsevier, vol. 28(3), pages 301-317, September.
    26. Keller, Wolfgang & Shiue, Carol, 2008. "Tariffs, Trains, and Trade: The Role of Institutions versus Technology in the Expansion of Markets," CEPR Discussion Papers 6759, C.E.P.R. Discussion Papers.
    27. Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March.
    28. Maurel, Mathilde, 2002. "On the Way of EMU Enlargement towards CEECs: What is the Appropriate Exchange Rate Regime?," CEPR Discussion Papers 3409, C.E.P.R. Discussion Papers.
    29. Kris James Mitchener & Marc D. Weidenmier, 2005. "Supersanctions and Sovereign Debt Repayment," NBER Working Papers 11472, National Bureau of Economic Research, Inc.
    30. Ian Babetskii, 2005. "Trade integration and synchronization of shocks," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(1), pages 105-138, January.
    31. James Yetman, 2003. "Currency Unions, Trade Flows, and Capital Flows," Working Papers 182003, Hong Kong Institute for Monetary Research.
    32. Lazaretou, Sophia, 2005. "The drachma, foreign creditors, and the international monetary system: tales of a currency during the 19th and the early 20th centuries," Explorations in Economic History, Elsevier, vol. 42(2), pages 202-236, April.
    33. Wolfgang Keller & Carol H. Shiue, 2008. "Institutions, Technology, and Trade," NBER Working Papers 13913, National Bureau of Economic Research, Inc.
    34. Sophia Lazaretou, 2004. "The Drachma, Foreign Creditors and the International Monetary System: Tales of a Currency during the 19th and the Early 20th Century," Working Papers 16, Bank of Greece.
    35. Carlo Ciccarelli & Anna Missiaia, 2018. "The fall and rise of business cycle co-movements in Imperial Austria’s regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(1), pages 171-193, January.

  47. Marc Flandreau & John Komlos, 2001. "How to Run a Target Zone? Age Old Lessons from an Austro-Hungarian Experiment," CESifo Working Paper Series 556, CESifo.

    Cited by:

    1. Komlos, John & Flandreau, Marc, 2002. "Using ARIMA Forecasts to Explore the Efficiency of the Forward Reichsmark Market," Discussion Papers in Economics 8, University of Munich, Department of Economics.
    2. Flandreau, Marc, 2003. "Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture," CEPR Discussion Papers 3742, C.E.P.R. Discussion Papers.
    3. Heinz Handler, 2016. "Two centuries of currency policy in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 61-76.
    4. António Portugal Duarte & João Sousa Andrade & Adelaide Duarte, 2010. "Exchange Rate Target Zones: A Survey of the Literature," GEMF Working Papers 2010-14, GEMF, Faculty of Economics, University of Coimbra.
    5. Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," Working Papers hal-01065012, HAL.
    6. António Portugal Duarte & João Sousa Andrade & Adelaide Duarte, 2013. "Testing for Nonlinear Adjustment in the Portuguese Target Zone: Is there a Honeymoon Effect?," GEMF Working Papers 2013-03, GEMF, Faculty of Economics, University of Coimbra.

  48. Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," NBER Working Papers 8584, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jorge Carrera & Guillermo Vuletin, 2003. "The Effects of Exchange Rate Regimes on Real Exchange Rate Volatility. A Dynamic Panel Data Approach," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31st Brazilian Economics Meeting] c67, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. María Gadea & Marcela Sabaté, 2004. "The European Periphery in the Era of the Gold Standard: The Case of the Spanish Peseta and the Pound Sterling from 1883 to 1931," Open Economies Review, Springer, vol. 15(1), pages 63-85, January.
    3. Maurice Obstfeld & Jay Shambaugh & Alan Taylor, 2004. "The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility," International Finance 0407003, University Library of Munich, Germany.
    4. Mitchener, Kris James & Pina, Gonçalo, 2020. "Pegxit pressure," Journal of International Money and Finance, Elsevier, vol. 107(C).
    5. Levy-Yeyati, Eduardo & Sturzenegger, Federico & Reggio, Iliana, 2006. "On the Endogeneity of Exchange Rate Regimes," Working Paper Series rwp06-047, Harvard University, John F. Kennedy School of Government.
    6. Mercado, Rogelio & Noviantie, Shanty, 2020. "Financial flows centrality: Empirical evidence using bilateral capital flows," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 69(C).
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  49. John Komlos & Marc Flandreau, 2001. "Core or periphery ? The Credibility of the Habsburg Currency, 1867-1914," Sciences Po Economics Publications (main) hal-03416567, HAL.

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  50. Marc Flandreau, 2001. "The Bank, the States, and the Market: An Austro-Hungarian Tale for Euroland, 1867-1914," Working Papers 43, Oesterreichische Nationalbank (Austrian Central Bank).

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    1. Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe," Open Economies Review, Springer, vol. 16(2), pages 135-152, April.
    2. Tullio, Guiseppe & Wolters, Jürgen, 2004. "Monetary policy in Austria-Hungary, 1876 - 1913: An econometric analysis of the determinants of the Central Bank's discount rate and the liquidity ratio," Discussion Papers 2004/24, Free University Berlin, School of Business & Economics.
    3. Richard C.K. Burdekin & Kris James Mitchener & Marc D. Weidenmier, 2011. "Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?," NBER Working Papers 17123, National Bureau of Economic Research, Inc.
    4. Salines, Marion & Glöckler, Gabriel & Gade, Thomas & Strodthoff, Steffen, 2013. ""Loose lips sinking markets?": the impact of political communication on sovereign bond spreads," Occasional Paper Series 150, European Central Bank.
    5. Flandreau, Marc & Maurel, Mathilde, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," CEPR Discussion Papers 3087, C.E.P.R. Discussion Papers.
    6. Tullio, Guiseppe & Wolters, Jürgen, 2004. "Domestic and international determinants of the Bank of England's liquidity ratios during the classical gold standard, 1876 - 1913: An econometric analysis," Discussion Papers 2004/27, Free University Berlin, School of Business & Economics.
    7. Rodney Thom & Brendan M. Walsh, 2001. "The effect of a common currency on trade : Ireland before and after the Sterling link," Working Papers 200110, School of Economics, University College Dublin.
    8. Carlo Ciccarelli & Anna Missiaia, 2018. "The fall and rise of business cycle co-movements in Imperial Austria’s regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(1), pages 171-193, January.

  51. Flandreau, Marc & Le Cacheux, Jacques & Zumer, Frédéric, 1998. "Stability Without a Pact? Lessons from the European Gold Standard 1880-1914," CEPR Discussion Papers 1872, C.E.P.R. Discussion Papers.

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    1. Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
    2. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 167-192, Summer.
    3. Lars Jonung, 2002. "EMU and the Euro - The First Ten Years. Challenges to the sustainability and price stability of the euro area - what does history tell us?," EUI-RSCAS Working Papers 46, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    4. Flandreau, Marc, 2003. "Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture," CEPR Discussion Papers 3742, C.E.P.R. Discussion Papers.
    5. tattara, Giuseppe, 1995. "Bilancia dei pagamenti, movimenti dei capitali ed equilibrio interno nei primi 50 anni del regno d'Italia [Balance of payments, capital movements, domestic equilibrium in the first 50 years of the ," MPRA Paper 39086, University Library of Munich, Germany.
    6. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.
    8. Tunçer, Coşkun, 2012. "Monetary sovereignty during the classical gold standard era: the Ottoman Empire and Europe, 1880-1913," LSE Research Online Documents on Economics 44725, London School of Economics and Political Science, LSE Library.
    9. Volosovych, Vadym, 2011. "Measuring financial market integration over the long run: Is there a U-shape?," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1535-1561.
    10. Jaime Reis, 2007. "An ‘art’, not a ‘science’? Central bank management in Portugal under the gold standard, 1863–87," Economic History Review, Economic History Society, vol. 60(4), pages 712-741, November.
    11. Marc Flandreau, 2013. "Do good sovereigns default? Lessons of history," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 72, pages 19-25, Bank for International Settlements.
    12. Kramer, Bert S. & Milionis, Petros, 2018. "Democratic Constraints and Adherence to the Classical Gold Standard," GGDC Research Memorandum GD-175, Groningen Growth and Development Centre, University of Groningen.
    13. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.
    14. Tattara, Giuseppe, 2003. "Paper money but a gold debt: Italy on the gold standard," Explorations in Economic History, Elsevier, vol. 40(2), pages 122-142, April.
    15. William Miles, 2015. "Did the Classical Gold Standard Lead to Greater Price Level Convergence? A New Approach," Open Economies Review, Springer, vol. 26(2), pages 351-377, April.
    16. Lars Jonung, 2002. "EMU and the euro - the first 10 years. Challenges to the sustainability and price stability of the euro area - what does history tell us?," European Economy - Economic Papers 2008 - 2015 165, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    17. Bernoth, Kerstin & von Hagen, Jürgen & Schuknecht, Ludger, 2012. "Sovereign risk premiums in the European government bond market," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 975-995.
    18. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    19. Flandreau, Marc, 1998. "Caveat Emptor: Coping With Sovereign Risk Without the Multilaterals," CEPR Discussion Papers 2004, C.E.P.R. Discussion Papers.
    20. Michael D. Bordo & Lars Jonung, 1999. "The Future of EMU: What Does the History of Monetary Unions Tell Us?," NBER Working Papers 7365, National Bureau of Economic Research, Inc.
    21. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    22. Matthias Morys, 2015. "Any lessons for today? Exchange-rate stabilisation in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Working Papers 0084, European Historical Economics Society (EHES).
    23. Christopher M Meissner & Michael D Bordo, 2006. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," WEF Working Papers 0002, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    24. Ngan Tran, 2019. "Asymmetric effects of fiscal balance on monetary variables: evidence from large emerging economies," Empirical Economics, Springer, vol. 57(3), pages 1045-1076, September.
    25. Beetsma, Roel & Jensen, Henrik, 2003. "Contingent deficit sanctions and moral hazard with a stability pact," Journal of International Economics, Elsevier, vol. 61(1), pages 187-208, October.
    26. Andreea-Alexandra Maerean & Maja Pedersen & Paul Sharp, 2021. "Sovereign Debt and Supersanctions in Emerging Markets: Evidence from Four Southeast European Countries, 1878-1913," Working Papers 0216, European Historical Economics Society (EHES).
    27. Matthias Morys, 2016. "Financial supervision to fight fiscal dominance? The gold standard in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Discussion Papers 16/05, Department of Economics, University of York.
    28. Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Working Papers hal-01065619, HAL.
    29. Marc Flandreau & Clemens Jobst, 2006. "The Empirics of International Currencies: Evidence from the 19th Century," Working Papers hal-01065631, HAL.
    30. Stefano Schiavo, 2005. "Euro bonds: in search of financial spillovers," Working Papers hal-01065566, HAL.
    31. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    32. Hoffmann Andreas, 2013. "The Euro as a Proxy for the Classical Gold Standard? Government Debt Financing and Political Commitment in Historical Perspective," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 19(1), pages 41-61, November.
    33. Barry Eichengreen, 2004. "Viewpoint: Understanding the Great Depression," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(1), pages 1-27, February.
    34. Flandreau, Marc & Maurel, Mathilde, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," CEPR Discussion Papers 3087, C.E.P.R. Discussion Papers.
    35. Campos, Eduardo Lima & Cysne, Rubens Penha, 2021. "Estimating debt limits for emerging countries," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 836-855.
    36. Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
    37. Niall Ferguson & Moritz Schularick, 2004. "The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880-1913," Working Papers 04-03, New York University, Leonard N. Stern School of Business, Department of Economics.
    38. Kodongo, Odongo, 2025. "Sovereign debt sustainability and private sector credit in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 90, Kenya Bankers Association (KBA).
    39. Tattara, Giuseppe & volpe, mario, 1997. "Italy, the fiscal dominance model, and the gold standard age," MPRA Paper 37155, University Library of Munich, Germany.
    40. Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," Working Papers hal-01065012, HAL.
    41. Marc Flandreau, 2001. "The Bank, the States, and the Market: an Austro-Hungarian Tale for Euroland, 1867-1914," Working Papers hal-01064887, HAL.
    42. Pietro Alessandrini & Michele Fratianni, 2009. "International Monies, Special Drawing Rights, and Supernational Money," Working Papers 2009-03, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    43. Mwankemwa, Lusajo P. & Ndanshau, Michael O.A., 2021. "Asymmetric Effects of Fiscal Deficit on Monetary Policy Transmission in Tanzania," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.
    44. Michael D. Bordo & Barry Eichengreen & Jongwoo Kim, 1998. "Was There Really an Earlier Period of International Financial Integration Comparable to Today?," NBER Working Papers 6738, National Bureau of Economic Research, Inc.
    45. Agustín Bénétrix & Kevin O’Rourke & Jeffrey Williamson, 2015. "The Spread of Manufacturing to the Poor Periphery 1870–2007," Open Economies Review, Springer, vol. 26(1), pages 1-37, February.
    46. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, January.
    47. Barry Eichengreen, 2019. "Trade Policy and the Macroeconomy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(1), pages 4-23, March.
    48. Bordo, Michael D. & Murshid, Antu Panini, 2006. "Globalization and changing patterns in the international transmission of shocks in financial markets," Journal of International Money and Finance, Elsevier, vol. 25(4), pages 655-674, June.
    49. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.
    50. Lazaretou, Sophia, 2005. "The drachma, foreign creditors, and the international monetary system: tales of a currency during the 19th and the early 20th centuries," Explorations in Economic History, Elsevier, vol. 42(2), pages 202-236, April.
    51. Sophia Lazaretou, 2004. "The Drachma, Foreign Creditors and the International Monetary System: Tales of a Currency during the 19th and the Early 20th Century," Working Papers 16, Bank of Greece.
    52. Claudio Borio, 2019. "Central banking in challenging times," BIS Working Papers 829, Bank for International Settlements.
    53. Nickel, Christiane & Rother, Philipp & Rülke, Jan C., 2009. "Fiscal variables and bond spreads: evidence from eastern European countries and Turkey," Working Paper Series 1101, European Central Bank.
    54. Tran, Ngan, 2018. "Debt threshold for fiscal sustainability assessment in emerging economies," Journal of Policy Modeling, Elsevier, vol. 40(2), pages 375-394.
    55. Claudio E. V. Borio & Gianni Toniolo, 2006. "One hundred and thirty years of central bank cooperation: a BIS perspective," BIS Working Papers 197, Bank for International Settlements.

  52. Frédéric Zumer & Jacques Le Cacheux & Marc Flandreau, 1998. "Stability without a pact? Lessons from the European Gold Standard, 1880-1913," Sciences Po Economics Publications (main) hal-01037858, HAL.

    Cited by:

    1. Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
    2. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 167-192, Summer.
    3. Mitchener, Kris James & Pina, Gonçalo, 2020. "Pegxit pressure," Journal of International Money and Finance, Elsevier, vol. 107(C).
    4. Lars Jonung, 2002. "EMU and the Euro - The First Ten Years. Challenges to the sustainability and price stability of the euro area - what does history tell us?," EUI-RSCAS Working Papers 46, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    5. Flandreau, Marc, 2003. "Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture," CEPR Discussion Papers 3742, C.E.P.R. Discussion Papers.
    6. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.
    8. Tunçer, Coşkun, 2012. "Monetary sovereignty during the classical gold standard era: the Ottoman Empire and Europe, 1880-1913," LSE Research Online Documents on Economics 44725, London School of Economics and Political Science, LSE Library.
    9. Volosovych, Vadym, 2011. "Measuring financial market integration over the long run: Is there a U-shape?," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1535-1561.
    10. Jaime Reis, 2007. "An ‘art’, not a ‘science’? Central bank management in Portugal under the gold standard, 1863–87," Economic History Review, Economic History Society, vol. 60(4), pages 712-741, November.
    11. Marc Flandreau, 2013. "Do good sovereigns default? Lessons of history," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 72, pages 19-25, Bank for International Settlements.
    12. Kramer, Bert S. & Milionis, Petros, 2018. "Democratic Constraints and Adherence to the Classical Gold Standard," GGDC Research Memorandum GD-175, Groningen Growth and Development Centre, University of Groningen.
    13. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.
    14. Tattara, Giuseppe, 2003. "Paper money but a gold debt: Italy on the gold standard," Explorations in Economic History, Elsevier, vol. 40(2), pages 122-142, April.
    15. William Miles, 2015. "Did the Classical Gold Standard Lead to Greater Price Level Convergence? A New Approach," Open Economies Review, Springer, vol. 26(2), pages 351-377, April.
    16. Lars Jonung, 2002. "EMU and the euro - the first 10 years. Challenges to the sustainability and price stability of the euro area - what does history tell us?," European Economy - Economic Papers 2008 - 2015 165, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    17. Bernoth, Kerstin & von Hagen, Jürgen & Schuknecht, Ludger, 2012. "Sovereign risk premiums in the European government bond market," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 975-995.
    18. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    19. Flandreau, Marc, 1998. "Caveat Emptor: Coping With Sovereign Risk Without the Multilaterals," CEPR Discussion Papers 2004, C.E.P.R. Discussion Papers.
    20. Michael D. Bordo & Lars Jonung, 1999. "The Future of EMU: What Does the History of Monetary Unions Tell Us?," NBER Working Papers 7365, National Bureau of Economic Research, Inc.
    21. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    22. Matthias Morys, 2015. "Any lessons for today? Exchange-rate stabilisation in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Working Papers 0084, European Historical Economics Society (EHES).
    23. Christopher M Meissner & Michael D Bordo, 2006. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," WEF Working Papers 0002, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    24. Ngan Tran, 2019. "Asymmetric effects of fiscal balance on monetary variables: evidence from large emerging economies," Empirical Economics, Springer, vol. 57(3), pages 1045-1076, September.
    25. Beetsma, Roel & Jensen, Henrik, 2003. "Contingent deficit sanctions and moral hazard with a stability pact," Journal of International Economics, Elsevier, vol. 61(1), pages 187-208, October.
    26. Andreea-Alexandra Maerean & Maja Pedersen & Paul Sharp, 2021. "Sovereign Debt and Supersanctions in Emerging Markets: Evidence from Four Southeast European Countries, 1878-1913," Working Papers 0216, European Historical Economics Society (EHES).
    27. Matthias Morys, 2016. "Financial supervision to fight fiscal dominance? The gold standard in Greece and South-East Europe between economic and political objectives and fiscal reality, 1841-1939," Discussion Papers 16/05, Department of Economics, University of York.
    28. Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Working Papers hal-01065619, HAL.
    29. Marc Flandreau & Clemens Jobst, 2006. "The Empirics of International Currencies: Evidence from the 19th Century," Working Papers hal-01065631, HAL.
    30. Stefano Schiavo, 2005. "Euro bonds: in search of financial spillovers," Working Papers hal-01065566, HAL.
    31. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    32. Hoffmann Andreas, 2013. "The Euro as a Proxy for the Classical Gold Standard? Government Debt Financing and Political Commitment in Historical Perspective," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 19(1), pages 41-61, November.
    33. Barry Eichengreen, 2004. "Viewpoint: Understanding the Great Depression," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(1), pages 1-27, February.
    34. Flandreau, Marc & Maurel, Mathilde, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," CEPR Discussion Papers 3087, C.E.P.R. Discussion Papers.
    35. Campos, Eduardo Lima & Cysne, Rubens Penha, 2021. "Estimating debt limits for emerging countries," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 836-855.
    36. Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
    37. Niall Ferguson & Moritz Schularick, 2004. "The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880-1913," Working Papers 04-03, New York University, Leonard N. Stern School of Business, Department of Economics.
    38. Kodongo, Odongo, 2025. "Sovereign debt sustainability and private sector credit in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 90, Kenya Bankers Association (KBA).
    39. Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," Working Papers hal-01065012, HAL.
    40. Marc Flandreau, 2001. "The Bank, the States, and the Market: an Austro-Hungarian Tale for Euroland, 1867-1914," Working Papers hal-01064887, HAL.
    41. Pietro Alessandrini & Michele Fratianni, 2009. "International Monies, Special Drawing Rights, and Supernational Money," Working Papers 2009-03, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    42. Mwankemwa, Lusajo P. & Ndanshau, Michael O.A., 2021. "Asymmetric Effects of Fiscal Deficit on Monetary Policy Transmission in Tanzania," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.
    43. Michael D. Bordo & Barry Eichengreen & Jongwoo Kim, 1998. "Was There Really an Earlier Period of International Financial Integration Comparable to Today?," NBER Working Papers 6738, National Bureau of Economic Research, Inc.
    44. Agustín Bénétrix & Kevin O’Rourke & Jeffrey Williamson, 2015. "The Spread of Manufacturing to the Poor Periphery 1870–2007," Open Economies Review, Springer, vol. 26(1), pages 1-37, February.
    45. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, January.
    46. Barry Eichengreen, 2019. "Trade Policy and the Macroeconomy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(1), pages 4-23, March.
    47. Bordo, Michael D. & Murshid, Antu Panini, 2006. "Globalization and changing patterns in the international transmission of shocks in financial markets," Journal of International Money and Finance, Elsevier, vol. 25(4), pages 655-674, June.
    48. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.
    49. Lazaretou, Sophia, 2005. "The drachma, foreign creditors, and the international monetary system: tales of a currency during the 19th and the early 20th centuries," Explorations in Economic History, Elsevier, vol. 42(2), pages 202-236, April.
    50. Sophia Lazaretou, 2004. "The Drachma, Foreign Creditors and the International Monetary System: Tales of a Currency during the 19th and the Early 20th Century," Working Papers 16, Bank of Greece.
    51. Claudio Borio, 2019. "Central banking in challenging times," BIS Working Papers 829, Bank for International Settlements.
    52. Nickel, Christiane & Rother, Philipp & Rülke, Jan C., 2009. "Fiscal variables and bond spreads: evidence from eastern European countries and Turkey," Working Paper Series 1101, European Central Bank.
    53. Tran, Ngan, 2018. "Debt threshold for fiscal sustainability assessment in emerging economies," Journal of Policy Modeling, Elsevier, vol. 40(2), pages 375-394.

  53. Flandreau, Marc, 1998. "Caveat Emptor: Coping With Sovereign Risk Without the Multilaterals," CEPR Discussion Papers 2004, C.E.P.R. Discussion Papers.

    Cited by:

    1. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, C.E.P.R. Discussion Papers.
    2. Marc Flandreau & Nathan Sussman, 2004. "Old sins. Exchange Clauses and European Foreign Lending in the 19th Century," Working Papers hal-01065494, HAL.

  54. Marc Flandreau, 1997. "Central Bank Co-operation in Historical Perspective: a Sceptical View," Post-Print hal-01027631, HAL.

    Cited by:

    1. Bignon, Vincent & Flandreau, Marc, 2018. "The Other Way: A Narrative History of the Bank of France," CEPR Discussion Papers 13138, C.E.P.R. Discussion Papers.
    2. Flandreau, Marc, 2003. "Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture," CEPR Discussion Papers 3742, C.E.P.R. Discussion Papers.
    3. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    4. Stefano Ugolini, 2011. "Foreign exchange reserve management in the 19th century: The National Bank of Belgium in the 1850s," Working Paper 2011/07, Norges Bank.
    5. Jérôme Sgard, 2004. "IMF in Theory: Sovereign Debts, Judicialisation and Multilateralism," Sciences Po Economics Publications (main) hal-01065546, HAL.
    6. Richard S. Grossman & Hugh Rockoff, 2015. "Fighting the Last War: Economists on the Lender of Last Resort," NBER Working Papers 20832, National Bureau of Economic Research, Inc.
    7. Robert B. Kahn & Ellen E. Meade, 2016. "International Aspects of Central Banking : Diplomacy and Coordination," Finance and Economics Discussion Series 2016-062, Board of Governors of the Federal Reserve System (U.S.).
    8. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, C.E.P.R. Discussion Papers.
    9. Michael D. Bordo & John S. Landon-Lane, 2012. "The Global Financial Crisis: Is It Unprecedented?," Chapters, in: Maurice Obstfeld & Dongchul Cho & Andrew Mason (ed.), Global Economic Crisis, chapter 2, Edward Elgar Publishing.
    10. Michael D. Bordo & Anna J. Schwartz, 1998. "Under What Circumstances, Past and Present, Have International Rescues of Countries in Financial Distress Been Successful?," NBER Working Papers 6824, National Bureau of Economic Research, Inc.
    11. Manmohan Agarwal, 2019. "International Monetary Affairs in the Inter War Years: Limits of Cooperation," Working Papers id:12996, eSocialSciences.
    12. Flandreau, Marc, 1998. "Caveat Emptor: Coping With Sovereign Risk Without the Multilaterals," CEPR Discussion Papers 2004, C.E.P.R. Discussion Papers.
    13. Laurent Le Maux & Laurence Scialom, 2013. "Central banks and financial stability: rediscovering the lender-of-last-resort practice in a finance economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(1), pages 1-16.
    14. Barry Eichengreen, 2011. "International Policy Coordination: The Long View," NBER Working Papers 17665, National Bureau of Economic Research, Inc.
    15. Michael D. Bordo & Robert N. McCauley, 2019. "Triffin: Dilemma or Myth?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(4), pages 824-851, December.
    16. Horn,Sebastian & Reinhart,Carmen M. & Trebesch,Christoph, 2021. "Coping with Disasters : Two Centuries of International Official Lending," Policy Research Working Paper Series 9612, The World Bank.
    17. Claude Diebolt & Antoine Parent, 2006. "Were there Anomalies in the Sterling-Franc Exchange Rate Regulation during the Mid-19th Century?," Working Papers 06-08, Association Française de Cliométrie (AFC).
    18. Barry Eichengreen, 2002. "Still Fettered After All These Years," NBER Working Papers 9276, National Bureau of Economic Research, Inc.
    19. Michael D. Bordo & John S. Landon-Lane, 2010. "The Global Financial Crisis of 2007-08: Is it Unprecedented?," NBER Working Papers 16589, National Bureau of Economic Research, Inc.
    20. Barry Eichengreen, 2004. "Viewpoint: Understanding the Great Depression," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(1), pages 1-27, February.
    21. Jérôme Sgard, 2004. "IMF in Theory: Sovereign Debts, Judicialisation and Multilateralism," Working Papers hal-01065546, HAL.
    22. Guillaume Bazot & Michael D. Bordo & Eric Monnet, 2014. "The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)," NBER Working Papers 20554, National Bureau of Economic Research, Inc.
    23. Flores Zendejas, Juan & Nodari, Gianandrea, 2023. "Central Bank Cooperation 1930-1932, A Reappraisal," Working Papers unige:166877, University of Geneva, Paul Bairoch Institute of Economic History.
    24. Claude Diebolt & Antoine Parent, 2008. "86," Applied Economics Letters, Taylor & Francis Journals, vol. 15(12), pages 915-919.
    25. Larry Neal & Marc Weidenmier, 2002. "Crises in the Global Economy from Tulips to Today: Contagion and Consequences," NBER Working Papers 9147, National Bureau of Economic Research, Inc.
    26. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, January.
    27. Bazot, Guillaume & Bordo, Michael D. & Monnet, Eric, 2016. "International shocks and the balance sheet of the Bank of France under the classical gold standard," Explorations in Economic History, Elsevier, vol. 62(C), pages 87-107.
    28. Claudio E. V. Borio & Gianni Toniolo, 2006. "One hundred and thirty years of central bank cooperation: a BIS perspective," BIS Working Papers 197, Bank for International Settlements.

  55. Flandreau, Marc, 1996. "The Burden of Intervention: Externalities in Multilateral Exchange Rates Arrangements," CEPR Discussion Papers 1504, C.E.P.R. Discussion Papers.

    Cited by:

    1. Peter Brandner & Harald Grech & Helmut Stix, 2001. "The Effectiveness of Central Bank Intervention in the EMS: The Post 1993 Experience," Working Papers 55, Oesterreichische Nationalbank (Austrian Central Bank).
    2. Rita Martins de Sousa, 2019. "Portugal adoption of the gold standard: political reasons for a monetary choice (1846-1854)," Working Papers GHES - Office of Economic and Social History 2019/64, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
    3. Peter Brandner & Harald Grech, 2002. "Why did Central Banks Intervene in the EMS? The Post 1993 Experience," Working Papers 77, Oesterreichische Nationalbank (Austrian Central Bank).
    4. Taylor, Mark & Sarno, Lucio, 2001. "Official Intervention in the Foreign Exchange Market: Is It Effective, and, If So, How Does It Work?," CEPR Discussion Papers 2690, C.E.P.R. Discussion Papers.
    5. Rangvid, Jesper & Sorensen, Carsten, 2001. "Determinants of the implied shadow exchange rates from a target zone," European Economic Review, Elsevier, vol. 45(9), pages 1665-1696, October.
    6. Lera, Sandro Claudio & Sornette, Didier, 2016. "Quantitative modelling of the EUR/CHF exchange rate during the target zone regime of September 2011 to January 2015," Journal of International Money and Finance, Elsevier, vol. 63(C), pages 28-47.
    7. Bekaert, Geert & Gray, Stephen F., 1998. "Target zones and exchange rates:: An empirical investigation," Journal of International Economics, Elsevier, vol. 45(1), pages 1-35, June.
    8. Peter Brandner & Harald Grech, 2002. "Why Did Central Banks Intervene in the EMS? The Post-1993 Experience," WIFO Working Papers 192, WIFO.
    9. António Portugal Duarte & João Sousa Andrade & Adelaide Duarte, 2010. "Exchange Rate Target Zones: A Survey of the Literature," GEMF Working Papers 2010-14, GEMF, Faculty of Economics, University of Coimbra.
    10. François, Pascal & Morellec, Erwan, 2008. "Closed-form solutions to stochastic process switching problems," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1072-1083, December.
    11. Torres, Jose L., 2000. "Stochastic intramarginal interventions in target zones," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 10(3-4), pages 249-262, December.

  56. Marc Flandreau & Jacques Le Cacheux, 1996. "La convergence est-elle nécessaire à la création d’une zone monétaire ? Réflexions sur l’étalon or 1880-1914," Sciences Po Economics Publications (main) hal-03458273, HAL.

    Cited by:

    1. Kuikeu, Oscar, 2021. "Convergence économique : la place de la Région [Economic convergence: the Role of Region]," MPRA Paper 107389, University Library of Munich, Germany.

  57. Flandreau, Marc, 1995. "An Essay on the Emergence of the International Gold Standard, 1870-80," CEPR Discussion Papers 1210, C.E.P.R. Discussion Papers.

    Cited by:

    1. Nienke Oomes & Christopher M. Meissner, 2008. "Why Do Countries Peg the Way They Peg? The Determinants of Anchor Currency Choice," IMF Working Papers 2008/132, International Monetary Fund.
    2. Michael D. Bordo & Christopher M. Meissner & Marc D. Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," NBER Working Papers 12299, National Bureau of Economic Research, Inc.
    3. Marc Flandreau, Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected? Melodramatic Evidence from Indian Government Securities," IHEID Working Papers 01-2011, Economics Section, The Graduate Institute of International Studies.
    4. Francois R. Velde, 2002. "Following the yellow brick road: how the United States adopted the gold standard," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q II), pages 42-58.
    5. Mr. Etienne B Yehoue, 2004. "Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities," IMF Working Papers 2004/222, International Monetary Fund.
    6. Gregor W. Smith, 2005. "Transfer Problem Dynamics: Macroeconomics Of The Franco-prussian War Indemnity," Working Paper 1025, Economics Department, Queen's University.
    7. António Portugal Duarte & João Sousa Andrade, 2005. "How the gold standard functioned in Portugal: an analysis of some macroeconomic aspects," Method and Hist of Econ Thought 0505002, University Library of Munich, Germany.
    8. Francois R. Velde & Warren E. Weber, 1998. "A model of bimetallism," Working Papers 588, Federal Reserve Bank of Minneapolis.
    9. Rui Pedro Esteves, 2005. "Market Integration in the Golden Periphery - the Lisbon/London Exchange, 1854-1891," Working Papers w200515, Banco de Portugal, Economics and Research Department.
    10. Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March.
    11. Larry Neal & Marc Weidenmier, 2002. "Crises in the Global Economy from Tulips to Today: Contagion and Consequences," NBER Working Papers 9147, National Bureau of Economic Research, Inc.
    12. Sophia Lazaretou, 2004. "The Drachma, Foreign Creditors and the International Monetary System: Tales of a Currency during the 19th and the Early 20th Century," Working Papers 16, Bank of Greece.

  58. Eichengreen, Barry & Flandreau, Marc, 1994. "The Geography of the Gold Standard," CEPR Discussion Papers 1050, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ogren, Anders, 2006. "Free or central banking? Liquidity and financial deepening in Sweden, 1834-1913," Explorations in Economic History, Elsevier, vol. 43(1), pages 64-93, January.
    2. Nienke Oomes & Christopher M. Meissner, 2008. "Why Do Countries Peg the Way They Peg? The Determinants of Anchor Currency Choice," IMF Working Papers 2008/132, International Monetary Fund.
    3. Eichengreen, Barry, 1994. "History and Reform of the International Monetary System," Center for International and Development Economics Research (CIDER) Working Papers 233391, University of California-Berkeley, Department of Economics.
    4. Frankel, Jeffrey A. & Rose, Andrew K., 1995. "A Survey of Empirical Research on Nominal Exchange Rates," Center for International and Development Economics Research (CIDER) Working Papers 233409, University of California-Berkeley, Department of Economics.
    5. María Gadea & Marcela Sabaté, 2004. "The European Periphery in the Era of the Gold Standard: The Case of the Spanish Peseta and the Pound Sterling from 1883 to 1931," Open Economies Review, Springer, vol. 15(1), pages 63-85, January.
    6. Matthias Morys, 2012. "The emergence of the Classical Gold Standard," Centre for Historical Economics and Related Research at York (CHERRY) Discussion Papers 12/01, CHERRY, c/o Department of Economics, University of York.
    7. Giuseppe Tattara & or consequences), 2002. "Paper Money but a Gold Debt. Italy in the Gold Standard," Economic History 0205002, University Library of Munich, Germany.
    8. Ali Coskun Tunçer, 2013. "The Black Swan of the Golden Periphery: The Ottoman Empire during the Classical Gold Standard Era," Working Papers 8, Department of Economic and Social History at the University of Cambridge.
    9. Eichengreen, Barry & Tobin, James & Wyplosz, Charles, 1994. "Two Cases for Sand in the Wheels of International Finance," Center for International and Development Economics Research (CIDER) Working Papers 233396, University of California-Berkeley, Department of Economics.
    10. Tunçer, Coşkun, 2012. "Monetary sovereignty during the classical gold standard era: the Ottoman Empire and Europe, 1880-1913," LSE Research Online Documents on Economics 44725, London School of Economics and Political Science, LSE Library.
    11. Ögren, Anders, 2003. "Expansion of the Money Supply with a Fixed Exchange Rate: “Free Banking” in Sweden under the Silver and Gold Standards, 1834 – 1913," SSE/EFI Working Paper Series in Economics and Finance 541, Stockholm School of Economics.
    12. Maurice Obstfeld & Alan M. Taylor, 2002. "Globalization and Capital Markets," NBER Working Papers 8846, National Bureau of Economic Research, Inc.
    13. Eichengreen, Barry & Wyplosz, Charles, 1995. "What Do Currency Crises Tell Us About the Future of the International Monetary System?," Center for International and Development Economics Research (CIDER) Working Papers 233418, University of California-Berkeley, Department of Economics.
    14. Michael A. Clemens & Jeffrey G. Williamson, 2000. "Where did British Foreign Capital Go? Fundamentals, Failures and the Lucas Paradox: 1870-1913," NBER Working Papers 8028, National Bureau of Economic Research, Inc.
    15. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    16. Niall Ferguson & Moritz Schularick, 2005. "The Empire Effect: Country Risk in the First Age of Globalization, 1880-1913," Economic History 0509002, University Library of Munich, Germany.
    17. Antoni Estevadeordal & Brian Frantz & Alan M. Taylor, 2002. "The Rise and Fall of World Trade, 1870-1939," NBER Working Papers 9318, National Bureau of Economic Research, Inc.
    18. Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," NBER Working Papers 8584, National Bureau of Economic Research, Inc.
    19. A'Hearn, Brian & Woitek, Ulrich, 2001. "More international evidence on the historical properties of business cycles," Journal of Monetary Economics, Elsevier, vol. 47(2), pages 321-346, April.
    20. Susanto Basu & Alan M. Taylor, 1999. "Business Cycles in International Historical Perspective," NBER Working Papers 7090, National Bureau of Economic Research, Inc.
    21. Michael D. Bordo & Barry Eichengreen, 1998. "The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem," NBER Working Papers 6436, National Bureau of Economic Research, Inc.
    22. Anders Ögren, 2008. "Sweden’s Monetary Internationalization under the Silver and Gold Standards, 1834–1913," Working Papers hal-04140758, HAL.
    23. Eichengreen, Barry & Rose, Andrew K. & Wyplosz, Charles, 1995. "Speculative Attacks on Pegged Exchange Rates: An Empirical Exploration with Special Reference to the European Monetary System," Center for International and Development Economics Research (CIDER) Working Papers 233397, University of California-Berkeley, Department of Economics.
    24. Obstfeld, Maurice, 1996. "Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification," Center for International and Development Economics Research (CIDER) Working Papers 233425, University of California-Berkeley, Department of Economics.
    25. Thomas Plümper and Eric Neumayer, 2008. "Exchange Rate Regime Choice with Multiple Key Currencies," The Institute for International Integration Studies Discussion Paper Series iiisdp264, IIIS.
    26. Tattara, Giuseppe & volpe, mario, 1997. "Italy, the fiscal dominance model, and the gold standard age," MPRA Paper 37155, University Library of Munich, Germany.
    27. Barry Eichengreen, 1998. "Exchange Rate Stability and Financial Stability," Open Economies Review, Springer, vol. 9(1), pages 569-608, January.
    28. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "Economic Structure and the Decision to Adopt a Common Currency," Center for International and Development Economics Research (CIDER) Working Papers 233436, University of California-Berkeley, Department of Economics.
    29. Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March.
    30. Eichengreen, Barry, 1994. "The Bretton Woods System: Paradise Lost?," Center for International and Development Economics Research (CIDER) Working Papers 233394, University of California-Berkeley, Department of Economics.
    31. Marvin Suesse & Theocharis Grigoriadis, 2025. "Financing Late Industrialization: Evidence from the State Bank of the Russian Empire," Trinity Economics Papers tep0225, Trinity College Dublin, Department of Economics.
    32. Frankel, Jeffrey A. & Rose, Andrew K., 1995. "A Panel Project on Purchasing Power Parity: Mean Reversion Within and Between Countries," Center for International and Development Economics Research (CIDER) Working Papers 233411, University of California-Berkeley, Department of Economics.
    33. Eichengreen, Barry, 1995. "Sterling in Decline Again: The 1931 and 1992 Crises Compared," Center for International and Development Economics Research (CIDER) Working Papers 233404, University of California-Berkeley, Department of Economics.
    34. Frankel, Jeffrey & Wyplosz, Charles, 1995. "A Proposal to Introduce the ECU First in the East," Center for International and Development Economics Research (CIDER) Working Papers 233415, University of California-Berkeley, Department of Economics.
    35. Jonas Ljungberg & Anders Ögren, 2017. "Exchange rates, catch up, and lagging behind in Europe since 1870," Working Papers 17022, Economic History Society.
    36. Gérard Marie Henry, 2009. "La lente et irrésistible ascension du dollar des États-Unis au statut de monnaie internationale (1914-1958)," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 21-54.
    37. Jevtic, Aleksandar R., 2020. "Gold rush: The political economy of gold standard adoption in the Kingdom of Yugoslavia," eabh Papers 20-02, The European Association for Banking and Financial History (EABH).
    38. Frankel, Jeffrey A., 1996. "Recent Exchange Rate Experience and Proposals for Reform," Center for International and Development Economics Research (CIDER) Working Papers 233422, University of California-Berkeley, Department of Economics.
    39. Bardhan, Pranab, 1996. "The Nature of Institutional Impediments to Economic Development," Center for International and Development Economics Research (CIDER) Working Papers 233429, University of California-Berkeley, Department of Economics.

  59. John Komlos & Marc Flandreau, "undated". "Core or Periphery? The Credibility of the Austro-Hungarian Currency, 1867-1913," Articles by John Komlos 4, Department of Economics, University of Munich.

    Cited by:

    1. Komlos, John & Flandreau, Marc, 2002. "Using ARIMA Forecasts to Explore the Efficiency of the Forward Reichsmark Market," Discussion Papers in Economics 8, University of Munich, Department of Economics.
    2. Richard C.K. Burdekin & Kris James Mitchener & Marc D. Weidenmier, 2011. "Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?," NBER Working Papers 17123, National Bureau of Economic Research, Inc.
    3. John Komlos & Marc Flandreau, 2003. "Using ARIMA Forecasts to Explore the Efficiency of the Forward Reichsmark Market : Austria-Hungary, 1876-1914," Working Papers hal-01065037, HAL.
    4. Marc Flandreau & John Komlos, 2005. "Target zones in History and Theory : efficiency, credibility and policy autonomy," Working Papers hal-01065605, HAL.
    5. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    6. Christopher M Meissner & Michael D Bordo, 2006. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," WEF Working Papers 0002, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    7. Michael D Bordo & Christopher M Meissner & Marc D Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," WEF Working Papers 0010, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.

Articles

  1. Chavaz, Matthieu & Flandreau, Marc, 2017. "“High & Dry”: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880–1910)," The Journal of Economic History, Cambridge University Press, vol. 77(3), pages 653-691, September.

    Cited by:

    1. Monnet, Eric, 2019. "Interest rates," CEPR Discussion Papers 13896, C.E.P.R. Discussion Papers.
    2. Meyer, Josefin & Reinhart, Carmen & Trebesch, Christoph, 2022. "Sovereign Bonds since Waterloo," CEPR Discussion Papers 13514, C.E.P.R. Discussion Papers.
    3. Tunçer, Ali Coşkun & Weller, Leonardo, 2022. "Democracy, autocracy, and sovereign debt: How polity influenced country risk on the peripheries of the global economy, 1870–1913," Explorations in Economic History, Elsevier, vol. 85(C).
    4. Jopp, Tobias A., 2020. "The determinants of sovereign bond liquidity during WWI," Economics Letters, Elsevier, vol. 196(C).
    5. van Hombeeck, Carlos Eduardo, 2020. "An exorbitant privilege in the first age of international financial integration?," Journal of International Money and Finance, Elsevier, vol. 101(C).
    6. Pierre-Cyrille Hautcoeur & Amir Rezaee & Angelo Riva, 2018. "Competition among Securities Markets," Working Papers halshs-01863942, HAL.
    7. Pierre-Cyrille Hautcoeur & Amir Rezaee & Angelo Riva, 2023. "Competition between securities markets: stock exchange industry regulation in the Paris financial center at the turn of the twentieth century," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 17(2), pages 261-299, May.

  2. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.
    See citations under working paper version above.
  3. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The separation of information and lending and the rise of rating agencies in the USA (1841-1907)," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 62(3), pages 213-242, November.

    Cited by:

    1. Accominotti, Olivier & Lucena-Piquero, Delio & Ugolini, Stefano, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," LSE Research Online Documents on Economics 107104, London School of Economics and Political Science, LSE Library.
    2. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.

  4. Bignon, Vincent & Flandreau, Marc, 2014. "The Price of Media Capture and the Debasement of the French Newspaper Industry During the Interwar," The Journal of Economic History, Cambridge University Press, vol. 74(3), pages 799-830, September.
    See citations under working paper version above.
  5. Flandreau, Marc & Geisler Mesevage, Gabriel, 2014. "The Untold History of Transparency: Mercantile Agencies, the Law, and the Lawyers (1851–1916)," Enterprise & Society, Cambridge University Press, vol. 15(2), pages 213-251, June.

    Cited by:

    1. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.

  6. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.

    Cited by:

    1. Jérôme Sgard, 2023. "Imperial Politics, Open Markets and Private Ordering: The Global Grain Trade (1875-1914)," Sciences Po Economics Publications (main) hal-04081417, HAL.
    2. Flores Zendejas, Juan, 2020. "Explaining latin america's persistent defaults: an analysis of debtor-creditor relations in London, 1822-1914," Working Papers unige:140134, University of Geneva, Paul Bairoch Institute of Economic History.
    3. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    4. Juan Flores Zendejas & Pierre Pénet & Christian Suter, 2021. "The Revenge of Defaulters. Sovereign Defaults and Interstate Negotiations in the Post-War Financial Order, 1940–65," Post-Print hal-03352783, HAL.
    5. Mr. Barry J. Eichengreen & Ms. Asmaa A ElGanainy & Rui Pedro Esteves & Kris James Mitchener, 2019. "Public Debt Through the Ages," IMF Working Papers 2019/006, International Monetary Fund.
    6. Jérôme Sgard, 2023. "Imperial Politics, Open Markets and Private Ordering: The Global Grain Trade (1875-1914)," Working Papers hal-04081417, HAL.
    7. Esteves Rui Pedro & Tunçer Ali Coşkun, 2016. "Eurobonds Past and Present: A Comparative Review on Debt Mutualization in Europe," Review of Law & Economics, De Gruyter, vol. 12(3), pages 659-688, November.
    8. Schumacher, Julian & Trebesch, Christoph & Enderlein, Henrik, 2021. "Sovereign defaults in court," Journal of International Economics, Elsevier, vol. 131(C).
    9. Flores Zendejas, Juan, 2015. "Capital Markets and Sovereign Defaults: A Historical Perspective," Working Papers unige:73325, University of Geneva, Paul Bairoch Institute of Economic History.
    10. Werner, Richard A., 2014. "Enhanced Debt Management: Solving the eurozone crisis by linking debt management with fiscal and monetary policy," Journal of International Money and Finance, Elsevier, vol. 49(PB), pages 443-469.
    11. Elisabeth de Fontenay & Josefin Meyer & Mitu Gulati, 2019. "The sovereign debt listing puzzle," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 472-495.

  7. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.

    Cited by:

    1. Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
    2. Christopher M. Meissner, 2015. "The Limits of Bimetallism," NBER Working Papers 20852, National Bureau of Economic Research, Inc.
    3. Rita Martins de Sousa, 2019. "Portugal adoption of the gold standard: political reasons for a monetary choice (1846-1854)," Working Papers GHES - Office of Economic and Social History 2019/64, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
    4. Nils Herger, 2017. "Testing the interest parity condition with Irving Fisher's example of Indian rupee and sterling bonds in the London financial market (1869 - 1906)," Working Papers 17.04, Swiss National Bank, Study Center Gerzensee.
    5. Jacopo Timini, 2025. "The Latin Monetary Union and Trade: A Closer Look," Papers 2510.25487, arXiv.org.
    6. Stephanie Collet & Kim Oosterlinck, 2019. "Denouncing Odious Debts," Journal of Business Ethics, Springer, vol. 160(1), pages 205-223, November.

  8. Vincent Bignon & Marc Flandreau & Stefano Ugolini, 2012. "Bagehot for beginners: the making of lender‐of‐last‐resort operations in the mid‐nineteenth century," Economic History Review, Economic History Society, vol. 65(2), pages 580-608, May.
    See citations under working paper version above.
  9. Marc Flandreau & Juan H. Flores, 2012. "Bondholders versus bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," European Review of Economic History, European Historical Economics Society, vol. 16(4), pages 356-383, November.

    Cited by:

    1. Carola Frydman & Eric Hilt, 2014. "Investment Banks as Corporate Monitors in the Early 20th Century United States," NBER Working Papers 20544, National Bureau of Economic Research, Inc.
    2. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.
    3. Haytham Y.M. Ewaida, 2016. "The European Crisis Without End: The Consequences of European Monetary Integration," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 6(8), pages 15-30, August.
    4. Flores Zendejas, Juan, 2020. "Explaining latin america's persistent defaults: an analysis of debtor-creditor relations in London, 1822-1914," Working Papers unige:140134, University of Geneva, Paul Bairoch Institute of Economic History.
    5. Bradley, Michael & De Lira Salvatierra, Irving & Gulati, Mitu, 2014. "Lawyers: Gatekeepers of the sovereign debt market?," International Review of Law and Economics, Elsevier, vol. 38(S), pages 150-168.
    6. Ecchia, Stefania, 2016. "La controversia tra la Camera di Commercio di Roma e il Consiglio del Debito Pubblico Ottomano sulla conversione delle obbligazioni privilegiate del 1890 [The dispute between the Chamber of Commerc," MPRA Paper 72670, University Library of Munich, Germany.
    7. Juan Flores Zendejas & Pierre Pénet & Christian Suter, 2021. "The Revenge of Defaulters. Sovereign Defaults and Interstate Negotiations in the Post-War Financial Order, 1940–65," Post-Print hal-03352783, HAL.
    8. Mr. Luis Catão & Rui Mano, 2015. "Default Premium," IMF Working Papers 2015/167, International Monetary Fund.
    9. Haytham Y.M. Ewaida, 2016. "The European Crisis Without End: The Consequences of European Monetary Integration," International Journal of Business and Social Research, LAR Center Press, vol. 6(8), pages 15-30, August.

  10. Barry Eichengreen & Marc Flandreau, 2012. "The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914–1939," Open Economies Review, Springer, vol. 23(1), pages 57-87, February.
    See citations under working paper version above.
  11. Flandreau, Marc & Flores, Juan H., 2012. "The Peaceful Conspiracy: Bond Markets and International Relations During the Pax Britannica," International Organization, Cambridge University Press, vol. 66(2), pages 211-241, April.

    Cited by:

    1. Pandey, Dharen Kumar & Lucey, Brian M. & Kumar, Satish, 2023. "Border disputes, conflicts, war, and financial markets research: A systematic review," Research in International Business and Finance, Elsevier, vol. 65(C).
    2. Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
    3. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.
    4. Flores Zendejas, Juan, 2020. "Explaining latin america's persistent defaults: an analysis of debtor-creditor relations in London, 1822-1914," Working Papers unige:140134, University of Geneva, Paul Bairoch Institute of Economic History.
    5. Shiro ARMSTRONG, 2023. "International Economic Policy for Asia in an Era of Great Power Strategic Competition," Discussion papers 23035, Research Institute of Economy, Trade and Industry (RIETI).
    6. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.
    7. Patrick E. Shea & Paul Poast, 2018. "War and Default," Journal of Conflict Resolution, Peace Science Society (International), vol. 62(9), pages 1876-1904, October.

  12. Flandreau, Marc, 2012. "The vanishing banker1," Financial History Review, Cambridge University Press, vol. 19(1), pages 1-19, April.

    Cited by:

    1. Xavier De Scheemaekere & Kim Oosterlinck & Ariane Szafarz, 2014. "Issues in Identifying Economic Crises: Insights from History," Working Papers CEB 14-014, ULB -- Universite Libre de Bruxelles.
    2. Carlos Marichal, 2014. "Historical reflections on the causes of financial crises: Official investigations, past and present, 1873–2011," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 10(02), pages 81-91.

  13. Olivier Accominotti & Marc Flandreau & Riad Rezzik, 2011. "The spread of empire: Clio and the measurement of colonial borrowing costs," Economic History Review, Economic History Society, vol. 64(2), pages 385-407, May.

    Cited by:

    1. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    2. Mitchener, Kris James & Pina, Gonçalo, 2020. "Pegxit pressure," Journal of International Money and Finance, Elsevier, vol. 107(C).
    3. Kim Oosterlinck, 2013. "Sovereign Debt Defaults: Insights from History," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 29(4), pages 697-714.
    4. Burret Heiko T. & Feld Lars P. & Köhler Ekkehard A., 2013. "Sustainability of Public Debt in Germany – Historical Considerations and Time Series Evidence," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(3), pages 291-335, June.
    5. Michael Tomz & Mark L. J. Wright, 2013. "Empirical Research on Sovereign Debt and Default," CAMA Working Papers 2013-16, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Steiner, Andreas, 2017. "Determinants of the Public Budget Balance: The Role of Official Capital Flows," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168184, Verein für Socialpolitik / German Economic Association.
    7. Stéphanie Collet & Kim Oosterlinck, 2019. "Denouncing Odious Debts," ULB Institutional Repository 2013/296946, ULB -- Universite Libre de Bruxelles.
    8. Abel Gwaindepi & Johan Fourie, 2020. "Public Sector Growth in the British Cape Colony: Evidence From New Data on Expenditure and Foreign Debt, 1830‐1910," South African Journal of Economics, Economic Society of South Africa, vol. 88(3), pages 341-367, September.
    9. Marc Flandreau, 2013. "Do good sovereigns default? Lessons of history," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 72, pages 19-25, Bank for International Settlements.
    10. Kramer, Bert S. & Milionis, Petros, 2018. "Democratic Constraints and Adherence to the Classical Gold Standard," GGDC Research Memorandum GD-175, Groningen Growth and Development Centre, University of Groningen.
    11. Gareth Campbell & Áine Gallagher & Richard S.Grossman, 2025. "Remote Investing in Latin America, 1869-1929," Wesleyan Economics Working Papers 2025-010, Wesleyan University, Department of Economics.
    12. Gareth Campbell & Áine Gallagher & Richard S.Grossman, 2024. "Living La Vida Loca? Remote Investing in Latin America, 1869-1929," Wesleyan Economics Working Papers 2024-013, Wesleyan University, Department of Economics.
    13. Kim Oosterlinck & Ugo Panizza & W. Mark C. Weidemaier & Mitu Gulati, 2021. "The Odious Haitian Independence Debt," IHEID Working Papers 16-2021, Economics Section, The Graduate Institute of International Studies.
    14. Jones, Patricia, 2013. "History matters: New evidence on the long run impact of colonial rule on institutions," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 181-200.
    15. Mitchener, Kris & Pina, Gonçalo, 2016. "Pegxit Pressure: Evidence from the Classical Gold Standard," CEPR Discussion Papers 11640, C.E.P.R. Discussion Papers.
    16. Xavier De Scheemaekere & Kim Oosterlinck & Ariane Szafarz, 2014. "Issues in Identifying Economic Crises: Insights from History," Working Papers CEB 14-014, ULB -- Universite Libre de Bruxelles.
    17. Gwaindepi, Abel, 2019. "Serving God and Mammon: The ‘Minerals-Railway Complex’ and its effects on colonial public finances in the British Cape Colony, 1810-1910," African Economic History Working Paper 44/2019, African Economic History Network.
    18. Vincent Bignon & Rui Esteves & Alfonso Herranz-Loncán, 2015. "Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913," Economic History Review, Economic History Society, vol. 68(4), pages 1277-1305, November.
    19. Roy, Tirthankar, 2019. "State capacity and the economic history of colonial India," LSE Research Online Documents on Economics 100723, London School of Economics and Political Science, LSE Library.
    20. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    21. Andreas Steiner, 2013. "A Tale of Two Deficits: Public Budget Balance of Reserve Currency Countries," IEER Working Papers 97, Institute of Empirical Economic Research, Osnabrueck University.
    22. Marc Flandreau & Juan Flores, 2011. "Bondholders vs. bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," Working Papers 0002, European Historical Economics Society (EHES).
    23. Dasgupta, Aditya & Ziblatt, Daniel, 2021. "Capital Meets Democracy: The Impact of Franchise Extension on Sovereign Bond Markets," SocArXiv s2pqn, Center for Open Science.
    24. Oleksandra Stoykova, 2021. "The Role of Ex-Colonizer’s Effect in Long-Run Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(2 - Part ), pages 274-293.
    25. Gardner, Leigh, 2022. "The collapse of the gold standard in Africa: money and colonialism in the interwar period," LSE Research Online Documents on Economics 116665, London School of Economics and Political Science, LSE Library.
    26. Andreea-Alexandra Maerean & Maja Pedersen & Paul Sharp, 2021. "Sovereign Debt and Supersanctions in Emerging Markets: Evidence from Four Southeast European Countries, 1878-1913," Working Papers 0216, European Historical Economics Society (EHES).
    27. Campbell, Gareth & Gallagher, Áine & Grossman, Richard S., 2025. "Remote investing in Latin America, 1869-1929," QUCEH Working Paper Series 25-09, Queen's University Belfast, Queen's University Centre for Economic History.
    28. Tunçer, Ali Coşkun & Weller, Leonardo, 2022. "Democracy, autocracy, and sovereign debt: How polity influenced country risk on the peripheries of the global economy, 1870–1913," Explorations in Economic History, Elsevier, vol. 85(C).
    29. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    30. Michael Bordo & Robert N McCauley, 2017. "Triffin: dilemma or myth?," BIS Working Papers 684, Bank for International Settlements.
    31. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    32. Esteves, Rui & Jalles, Joao Tovar, 2013. "Like Father like Sons? The Cost of Sovereign Defaults In Reduced Credit to the Private Sector," CEPR Discussion Papers 9303, C.E.P.R. Discussion Papers.
    33. Flandreau, Marc & Flores, Juan, 2010. "Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt," CEPR Discussion Papers 7915, C.E.P.R. Discussion Papers.
    34. Esteves Rui Pedro & Tunçer Ali Coşkun, 2016. "Eurobonds Past and Present: A Comparative Review on Debt Mutualization in Europe," Review of Law & Economics, De Gruyter, vol. 12(3), pages 659-688, November.
    35. Abel Gwaindepi, 2022. "Fiscal capacity in ‘‘responsible government’’ colonies: the Cape Colony in comparative perspective, c. 1865–1910 [The spread of empire: Clio and the measurement of colonial borrowing costs]," European Review of Economic History, European Historical Economics Society, vol. 26(3), pages 340-369.
    36. Edwyna Harris & Sumner La Croix, 2018. "Did Speculation in Land Pay Off for British Investors? Buying and Selecting Land in South Australia, 1835-1850," CEH Discussion Papers 09, Centre for Economic History, Research School of Economics, Australian National University.
    37. Marc Flandreau, Juan Flores, 2010. "Hamlet Without The Prince of Denmark: Relationship Banking and Conditionality Lending In The London Market For Foreign Government Debt, 1815 - 1913," IHEID Working Papers 08-2010, Economics Section, The Graduate Institute of International Studies.
    38. Nicolas Degive & Kim Oosterlinck, 2019. "Independence and the Effect of Empire The Case of “Sovereign Debts” issued by British Colonies," Working Papers CEB 19-018, ULB -- Universite Libre de Bruxelles.
    39. Gardner, Leigh & Husain, Tehreem, 2025. "Sinews of empire? The Crown Agents for the Colonies and African government debt under colonial rule," LSE Research Online Documents on Economics 127544, London School of Economics and Political Science, LSE Library.

  14. Flandreau, Marc & Gaillard, Norbert & Packer, Frank, 2011. "To err is human: US rating agencies and the interwar foreign government debt crisis," European Review of Economic History, Cambridge University Press, vol. 15(3), pages 495-538, December.
    See citations under working paper version above.
  15. Bignon, Vincent & Flandreau, Marc, 2011. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France Before World War I," The Journal of Economic History, Cambridge University Press, vol. 71(3), pages 616-653, September.
    See citations under working paper version above.
  16. Accominotti, Olivier & Flandreau, Marc & Rezzik, Riad & Zumer, Frédéric, 2010. "Black man's burden, white man's welfare: control, devolution and development in the British Empire, 1880–1914," European Review of Economic History, Cambridge University Press, vol. 14(1), pages 47-70, April.

    Cited by:

    1. Kim Oosterlinck & Ugo Panizza & W. Mark C. Weidemaier & Mitu Gulati, 2021. "The Odious Haitian Independence Debt," IHEID Working Papers 16-2021, Economics Section, The Graduate Institute of International Studies.
    2. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    3. Mr. Barry J. Eichengreen & Ms. Asmaa A ElGanainy & Rui Pedro Esteves & Kris James Mitchener, 2019. "Public Debt Through the Ages," IMF Working Papers 2019/006, International Monetary Fund.
    4. Tunçer, Ali Coşkun & Weller, Leonardo, 2022. "Democracy, autocracy, and sovereign debt: How polity influenced country risk on the peripheries of the global economy, 1870–1913," Explorations in Economic History, Elsevier, vol. 85(C).
    5. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    6. Albers, Thilo N. H. & Jerven, Morten & Suesse, Marvin, 2022. "The Fiscal State in Africa: Evidence from a Century of Growth," Rationality and Competition Discussion Paper Series 316, CRC TRR 190 Rationality and Competition.
    7. Michael Bordo & Robert N McCauley, 2017. "Triffin: dilemma or myth?," BIS Working Papers 684, Bank for International Settlements.
    8. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    9. Abel Gwaindepi, 2022. "Fiscal capacity in ‘‘responsible government’’ colonies: the Cape Colony in comparative perspective, c. 1865–1910 [The spread of empire: Clio and the measurement of colonial borrowing costs]," European Review of Economic History, European Historical Economics Society, vol. 26(3), pages 340-369.
    10. Nicolas Degive & Kim Oosterlinck, 2019. "Independence and the Effect of Empire The Case of “Sovereign Debts” issued by British Colonies," Working Papers CEB 19-018, ULB -- Universite Libre de Bruxelles.

  17. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2010. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815-2007," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 6(1), pages 53-92.
    See citations under working paper version above.
  18. Eichengreen, Barry & Flandreau, Marc, 2009. "The rise and fall of the dollar (or when did the dollar replace sterling as the leading reserve currency?)," European Review of Economic History, Cambridge University Press, vol. 13(3), pages 377-411, December.
    See citations under working paper version above.
  19. Marc Flandreau & Clemens Jobst, 2009. "The Empirics of International Currencies: Network Externalities, History and Persistence," Economic Journal, Royal Economic Society, vol. 119(537), pages 643-664, April.

    Cited by:

    1. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    2. He, Qing & Korhonen, Iikka & Guo, Junjie & Liu, Fangge, 2016. "The geographic distribution of international currencies and RMB internationalization," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 442-458.
    3. Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009. "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers 7169, C.E.P.R. Discussion Papers.
    4. Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia, 2014. "Stability or upheaval? The currency composition of international reserves in the long run," Working Paper Series 1715, European Central Bank.
    5. Hyoung-kyu Chey, 2013. "The Concepts, Consequences, and Determinants of Currency Internationalization," GRIPS Discussion Papers 13-03, National Graduate Institute for Policy Studies.
    6. Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia, 2012. "When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets," Working Paper Series 1433, European Central Bank.
    7. Rita Martins de Sousa, 2019. "Portugal adoption of the gold standard: political reasons for a monetary choice (1846-1854)," Working Papers GHES - Office of Economic and Social History 2019/64, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
    8. Nogues-Marco, Pilar, 2017. "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers unige:100808, University of Geneva, Paul Bairoch Institute of Economic History.
    9. Reiss, Daniel G, 2012. "Easing trade costs within Mercosul," MPRA Paper 42174, University Library of Munich, Germany.
    10. De Nicola, Giacomo & Fritz, Cornelius & Mehrl, Marius & Kauermann, Göran, 2023. "Dependence matters: Statistical models to identify the drivers of tie formation in economic networks," Journal of Economic Behavior & Organization, Elsevier, vol. 215(C), pages 351-363.
    11. Maylis Avaro, 2020. "Zombie International Currency: The Pound Sterling 1945-1973," IHEID Working Papers 03-2020, Economics Section, The Graduate Institute of International Studies, revised 27 Apr 2021.
    12. Joshua Aizenman, 2010. "International Reserves and Swap Lines in Times of Financial Distress : Overview and Interpretations," Finance Working Papers 23008, East Asian Bureau of Economic Research.
    13. Chitu, Liva & Eichengreen, Barry & Mehl, Arnaud, 2012. "When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets (revised)," Department of Economics, Working Paper Series qt3v03b36h, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    14. Daniel Gersten Reiss, 2015. "Invoice Currency: puzzling evidence and new questions from Brazil," Working Papers Series 382, Central Bank of Brazil, Research Department.
    15. Zhang, Cathy, 2013. "An Information-Based Theory of International Currency," MPRA Paper 42114, University Library of Munich, Germany.
    16. Esteves, Rui & Geisler Mesevage, Gabriel, 2019. "Social Networks in Economic History: Opportunities and Challenges," Explorations in Economic History, Elsevier, vol. 74(C).
    17. Tao Liu & Xiaosong Wang & Wing Thye Woo, 2024. "Network effect and international currency," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(3), pages 600-626, July.
    18. Barry Eichengreen, Marc Flandreau, 2010. "The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914-1939," IHEID Working Papers 16-2010, Economics Section, The Graduate Institute of International Studies.
    19. Akerman, Anders & Larsson, Anna, 2010. "The Global Arms Trade Network 1950-2007," Research Papers in Economics 2010:2, Stockholm University, Department of Economics.
    20. Liu, Tao & Wang, Xiaosong & Woo, Wing Thye, 2019. "The road to currency internationalization: Global perspectives and chinese experience," Emerging Markets Review, Elsevier, vol. 38(C), pages 73-101.
    21. Sgard, Jérôme, 2015. "Global economic governance during the middle ages: The jurisdiction of the champagne fairs," International Review of Law and Economics, Elsevier, vol. 42(C), pages 174-184.
    22. John Singleton & Catherine R. Schenk, 2015. "The shift from sterling to the dollar, 1965–76: evidence from Australia and New Zealand," Economic History Review, Economic History Society, vol. 68(4), pages 1154-1176, November.
    23. Barry Eichengreen & Marc Flandreau, 2010. "The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39," BIS Working Papers 328, Bank for International Settlements.
    24. Ignazio Angeloni & André Sapir, 2011. "The international monetary system is changing- what opportunities and risks for the euro?," Bruegel Working Papers 632, Bruegel.
    25. Lin, Justin Yifu & Fardoust, Shahrokh & Rosenblatt, David, 2012. "Reform of the international monetary system : a jagged history and uncertain prospects," Policy Research Working Paper Series 6070, The World Bank.
    26. Wu, Zhen-Xing & Gau, Yin-Feng & Chen, Yu-Lun, 2023. "Price discovery and triangular arbitrage in currency markets," Journal of International Money and Finance, Elsevier, vol. 137(C).
    27. John D'Amico, 2024. "The making of paper money in early modern Japan," Economic History Review, Economic History Society, vol. 77(3), pages 873-894, August.
    28. Marco Airaudo, 2012. "Endogenous Dollarization, Sovereign Risk Premia and the Taylor Principle," School of Economics Working Paper Series 2012-11, LeBow College of Business, Drexel University.
    29. Benjamin Cohen, 2012. "The Benefits and Costs of an International Currency: Getting the Calculus Right," Open Economies Review, Springer, vol. 23(1), pages 13-31, February.

  20. Eichengreen, Barry & Flandreau, Marc, 2009. "A Special Issue of the European Review of Economic History: Guest Editors' Introduction," European Review of Economic History, Cambridge University Press, vol. 13(3), pages 285-286, December.

    Cited by:

    1. Stéphane BECUWE & Bertrand BLANCHETON, 2014. "Relations internationales et discriminations tarifaires : le cas de la France (1850-1913)," Cahiers du GREThA (2007-2019) 2014-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

  21. Marc Flandreau & Christophe Galimard & Clemens Jobst & Pilar Nogués-Marco, 2009. "Monetary geography before the Industrial Revolution," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 2(2), pages 149-171.
    See citations under working paper version above.
  22. Flandreau, Marc & Flores, Juan H., 2009. "Bonds and Brands: Foundations of Sovereign Debt Markets, 1820–1830," The Journal of Economic History, Cambridge University Press, vol. 69(3), pages 646-684, September.

    Cited by:

    1. Kim Oosterlinck, 2013. "Sovereign Debt Defaults: Insights from History," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 29(4), pages 697-714.
    2. Marc Flandreau, 2013. "Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827–68): new facts and old fictions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 668-696, WINTER.
    3. Eric Monnet & Francois R. Velde, 2020. "Money, Banking, and Old-School Historical Economics," Working Paper Series WP-2020-28, Federal Reserve Bank of Chicago.
    4. Chilosi, David & Schulze, Max-Stephan & Volckart, Oliver, 2018. "Benefits of empire? Capital market integration north and south of the Alps, 1350-1800," LSE Research Online Documents on Economics 86561, London School of Economics and Political Science, LSE Library.
    5. Flores Zendejas, Juan, 2020. "Explaining latin america's persistent defaults: an analysis of debtor-creditor relations in London, 1822-1914," Working Papers unige:140134, University of Geneva, Paul Bairoch Institute of Economic History.
    6. Kevin Pallara & Marcello Pericoli & Pietro Tommasino, 2025. "Issuing European safe assets: how to get the most out of Eurobonds?," Questioni di Economia e Finanza (Occasional Papers) 937, Bank of Italy, Economic Research and International Relations Area.
    7. Sussman, Nathan & Coffman, D'Maris & Stephenson, Judy Z., 2020. "Financing the rebuilding of the City of London after the Great Fire of 1666," CEPR Discussion Papers 15471, C.E.P.R. Discussion Papers.
    8. Michael D. Bordo & Christopher M. Meissner, 2015. "Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises," NBER Working Papers 21287, National Bureau of Economic Research, Inc.
    9. Foley-Fisher, Nathan & McLaughlin, Eoin, 2014. "State dissolution, sovereign debt and default: Lessons from the UK and Ireland, 1920-1938," QUCEH Working Paper Series 14-06, Queen's University Belfast, Queen's University Centre for Economic History.
    10. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," Working Papers CEB 10-017.RS, ULB -- Universite Libre de Bruxelles.
    11. Gareth Campbell & Áine Gallagher & Richard S.Grossman, 2025. "Remote Investing in Latin America, 1869-1929," Wesleyan Economics Working Papers 2025-010, Wesleyan University, Department of Economics.
    12. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, C.E.P.R. Discussion Papers.
    13. Drelichman, Mauricio & Voth, Hans-Joachim, 2008. "Lending to the Borrower from Hell: Debt and Default in the Age of Phillip II," Economics working papers mauricio_drelichman-2008-, Vancouver School of Economics, revised 06 Sep 2010.
    14. Stephanie Collet & Kim Oosterlinck, 2019. "Denouncing Odious Debts," Journal of Business Ethics, Springer, vol. 160(1), pages 205-223, November.
    15. Mary A. O'Sullivan, 2015. "Yankee Doodle went to London: Anglo-American breweries and the London securities market, 1888–92," Economic History Review, Economic History Society, vol. 68(4), pages 1365-1387, November.
    16. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    17. Panizza, Ugo & Gulati, Mitu & Weidemaier, Mark & Willingham, Grace, 2019. "When Governments Promise to Prioritize Public Debt: Do Markets Care?," CEPR Discussion Papers 13673, C.E.P.R. Discussion Papers.
    18. Stefano Ugolini, 2010. "Universal Banking and the Development of Secondary Corporate Debt Markets: Lessons from 1830s Belgium," Working Paper 2010/21, Norges Bank.
    19. Herrero, Alicia Garcia & Santos, Enestor Dos, 2009. "Comment," LSE Research Online Documents on Economics 123275, London School of Economics and Political Science, LSE Library.
    20. Flandreau, Marc & Packer, Frank & Gaillard, Norbert, 2009. "Ratings Performance, Regulation and the Great Depression: Lessons from Foreign Government Securities," CEPR Discussion Papers 7328, C.E.P.R. Discussion Papers.
    21. Dasgupta, Aditya & Ziblatt, Daniel, 2021. "Capital Meets Democracy: The Impact of Franchise Extension on Sovereign Bond Markets," SocArXiv s2pqn, Center for Open Science.
    22. Marc Flandreau & Norbert Gaillard & Ugo Panizza, 2009. "Conflicts of Interest, Reputation and the Interwar Debt Crisis: Banksters or Bad Luck?," IHEID Working Papers 02-2010, Economics Section, The Graduate Institute of International Studies, revised Feb 2010.
    23. Stefano Ugolini, 2018. "The origins of Swiss wealth management? Genevan private banking, 1800–1840," Post-Print hal-01886978, HAL.
    24. Nathan Foley-Fisher & Eoin McLaughlin, 2015. "Sovereign debt guarantees and default: Lessons from the UK and Ireland, 1920-1938," Discussion Papers in Environment and Development Economics 2015-11, University of St. Andrews, School of Geography and Sustainable Development.
    25. Christiaan Bochove, 2014. "External debt and commitment mechanisms: Danish borrowing in Holland, 1763–1825," Economic History Review, Economic History Society, vol. 67(3), pages 652-677, August.
    26. Campbell, Gareth & Gallagher, Áine & Grossman, Richard S., 2025. "Remote investing in Latin America, 1869-1929," QUCEH Working Paper Series 25-09, Queen's University Belfast, Queen's University Centre for Economic History.
    27. Marc Deloof & Ine Paeleman, 2024. "International entrepreneurship without investor protection: Evidence from initial public offerings in Belgium before the First World War," Economic History Review, Economic History Society, vol. 77(2), pages 523-553, May.
    28. Gary B. Gorton, 2016. "The History and Economics of Safe Assets," NBER Working Papers 22210, National Bureau of Economic Research, Inc.
    29. Tunçer, Ali Coşkun & Weller, Leonardo, 2022. "Democracy, autocracy, and sovereign debt: How polity influenced country risk on the peripheries of the global economy, 1870–1913," Explorations in Economic History, Elsevier, vol. 85(C).
    30. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    31. Chilosi, David, 2014. "Risky institutions: political regimes and the cost of public borrowing in early modern Italy," LSE Research Online Documents on Economics 59571, London School of Economics and Political Science, LSE Library.
    32. Esteves Rui Pedro & Tunçer Ali Coşkun, 2016. "Eurobonds Past and Present: A Comparative Review on Debt Mutualization in Europe," Review of Law & Economics, De Gruyter, vol. 12(3), pages 659-688, November.
    33. Flandreau, Marc, 2017. "Reputation, Regulation and the Collapse of International Capital Markets, 1920-1935," CEPR Discussion Papers 11747, C.E.P.R. Discussion Papers.
    34. Sebastián Saiegh, 2013. "Political institutions and sovereign borrowing: evidence from nineteenth-century Argentina," Public Choice, Springer, vol. 156(1), pages 61-75, July.
    35. Haber, Stephen H & Weidenmier, Marc & Oosterlinck, Kim & Mitchener, Kris, 2014. "Predicting Winners in Civil Wars," CEPR Discussion Papers 10109, C.E.P.R. Discussion Papers.
    36. Patrick E. Shea & Paul Poast, 2018. "War and Default," Journal of Conflict Resolution, Peace Science Society (International), vol. 62(9), pages 1876-1904, October.
    37. Stephanie Collette, 2012. "Sovereign bonds: odious debts and state succession," ULB Institutional Repository 2013/209718, ULB -- Universite Libre de Bruxelles.
    38. Flores Zendejas, Juan, 2015. "Capital Markets and Sovereign Defaults: A Historical Perspective," Working Papers unige:73325, University of Geneva, Paul Bairoch Institute of Economic History.
    39. Sarah Cochrane, 2009. "Explaining London's Dominance in International Financial Services, 1870-1913," Economics Series Working Papers 455, University of Oxford, Department of Economics.
    40. Mitchener, Kris James & Oosterlinck, Kim & Weidenmier, Marc D. & Haber, Stephen, 2015. "Victory or repudiation? Predicting winners in civil wars using international financial markets," Journal of Banking & Finance, Elsevier, vol. 60(C), pages 310-319.
    41. Giovanni Federico & Antonio Tena-Junguito, 2014. "The ripples of the industrial revolution: exports, economic growth, and regional integration in Italy in the early nineteenth century," European Review of Economic History, European Historical Economics Society, vol. 18(3), pages 349-369.
    42. Rohan Pitchford & Mark L. J. Wright, 2013. "On the contribution of game theory to the study of sovereign debt and default," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(4), pages 649-667, WINTER.
    43. Mauricio Drelichman & Joachim Voth, 2007. "Lending to the borrower from hell: Debt and default in the age of Philip II, 1556-1598," Economics Working Papers 1164, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2009.
    44. Marc Flandreau, 2013. "Collective Action Clauses before they had Airplanes: Bondholder Committees and the London Stock Exchange in the 19th Century (1827-1868)," IHEID Working Papers 01-2013, Economics Section, The Graduate Institute of International Studies.
    45. Elisabeth de Fontenay & Josefin Meyer & Mitu Gulati, 2019. "The sovereign debt listing puzzle," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 472-495.

  23. Marc Flandreau, 2006. "Home Biases, Nineteenth Century Style," Journal of the European Economic Association, MIT Press, vol. 4(2-3), pages 634-643, 04-05.

    Cited by:

    1. Maurice Kugler & Oren Levintal & Hillel Rapoport, 2015. "Migration and Cross-Border Financial Flows," PSE - G-MOND WORKING PAPERS halshs-01134465, HAL.
    2. Rey, Hélène & Coeurdacier, Nicolas, 2012. "Home Bias in Open Economy Financial Macroeconomics," CEPR Discussion Papers 8746, C.E.P.R. Discussion Papers.
    3. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    4. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, C.E.P.R. Discussion Papers.
    5. Pierre Penet & Juan Flores Zendejas, 2021. "Sovereign Debt Diplomacies. Introduction," Post-Print hal-03352759, HAL.
    6. Gardner, Leigh & Husain, Tehreem, 2025. "Sinews of empire? The Crown Agents for the Colonies and African government debt under colonial rule," LSE Research Online Documents on Economics 127544, London School of Economics and Political Science, LSE Library.
    7. Hisham Foad, 2012. "FDI and immigration: a regional analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 49(1), pages 237-259, August.
    8. Fabien Candau & Jacques Le Cacheux, 2018. "Taming Tax Competition with a European Corporate Income Tax," Sciences Po Economics Publications (main) hal-02138622, HAL.

  24. Flandreau, Marc, 2006. "The logic of compromise: Monetary bargaining in Austria-Hungary, 1867–1913," European Review of Economic History, Cambridge University Press, vol. 10(1), pages 3-33, April.
    See citations under working paper version above.
  25. Flandreau, Marc & Komlos, John, 2006. "Target zones in theory and history: Credibility, efficiency, and policy autonomy," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 1979-1995, November.
    See citations under working paper version above.
  26. Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe," Open Economies Review, Springer, vol. 16(2), pages 135-152, April.

    Cited by:

    1. Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
    2. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
    3. Reuven Glick & Alan M. Taylor, 2005. "Collateral Damage: Trade Disruption and the Economic Impact of War," Working Paper Series 2005-11, Federal Reserve Bank of San Francisco.
    4. Mitchener, Kris James & Pina, Gonçalo, 2020. "Pegxit pressure," Journal of International Money and Finance, Elsevier, vol. 107(C).
    5. Michael D. Bordo & Christopher M. Meissner & Marc D. Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," NBER Working Papers 12299, National Bureau of Economic Research, Inc.
    6. Alan M. Taylor & Janine L. F. Wilson, 2006. "International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30," NBER Working Papers 12543, National Bureau of Economic Research, Inc.
    7. Kris James Mitchener & Masato Shizume & Marc D. Weidenmier, 2008. "Why did Countries Adopt the Gold Standard? Lessons from Japan," Discussion Paper Series 228, Research Institute for Economics & Business Administration, Kobe University.
    8. Attila Csajbók (ed.) & Ágnes Csermely (ed.), 2002. "Adopting the euro in Hungary: expected costs, benefits and timing," MNB Occasional Papers 2002/24, Magyar Nemzeti Bank (Central Bank of Hungary).
    9. Ritschl, Albrecht & Wolf, Nikolaus, 2003. "Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-war Period," CEPR Discussion Papers 4112, C.E.P.R. Discussion Papers.
    10. John Hawkins & Paul Masson, 2003. "Economic aspects of regional currency areas and the use of foreign currencies," BIS Papers chapters, in: Bank for International Settlements (ed.), Regional currency areas and the use of foreign currencies, volume 17, pages 4-42, Bank for International Settlements.
    11. Mitchener, Kris & Pina, Gonçalo, 2016. "Pegxit Pressure: Evidence from the Classical Gold Standard," CEPR Discussion Papers 11640, C.E.P.R. Discussion Papers.
    12. Guilllaume Daudin, Matthias Morys and Kevin H. O'Rourke, 2008. "Globalization, 1870-1914," The Institute for International Integration Studies Discussion Paper Series iiisdp250, IIIS.
    13. William Miles, 2015. "Did the Classical Gold Standard Lead to Greater Price Level Convergence? A New Approach," Open Economies Review, Springer, vol. 26(2), pages 351-377, April.
    14. Iwona Maciejczyk-Bujnowicz, 2016. "Foreign trade and the theory of optimum currency areas. Implications for Poland," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 13, pages 5-26, March.
    15. Andrew Rose, 2004. "A Meta-Analysis of the Effect of Common Currencies on International Trade," NBER Working Papers 10373, National Bureau of Economic Research, Inc.
    16. Richard Pomfret, 2005. "Sequencing Trade and Monetary Integration," Others 0502004, University Library of Munich, Germany.
    17. Olivier Accominotti & Marc Flandreau, 2006. "Does Bilateralism Promote Trade? Nineteenth Century Liberalization Revisited," Working Papers hal-01065617, HAL.
    18. Julio Martínez-Galarraga, 2014. "Market potential estimates in history: a survey of methods and an application to Spain, 1867-1930," Working Papers 0051, European Historical Economics Society (EHES).
    19. Chernyshoff, Natalia & Jacks, David S. & Taylor, Alan M., 2009. "Stuck on gold: Real exchange rate volatility and the rise and fall of the gold standard, 1875-1939," Journal of International Economics, Elsevier, vol. 77(2), pages 195-205, April.
    20. Alberto Alesina & Robert J. Barro & Silvana Tenreyro, 2002. "Optimal Currency Areas," NBER Working Papers 9072, National Bureau of Economic Research, Inc.
    21. Michael Artis & Toshihiro Okubo, 2008. "Globalization and Business Cycle Transmission," Discussion Paper Series 232, Research Institute for Economics & Business Administration, Kobe University.
    22. Freitag, Stephan, 2010. "Choosing an anchor currency for the Pacific," University of Göttingen Working Papers in Economics 112, University of Goettingen, Department of Economics.
    23. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    24. Michael J. Artis & Jarko Fidrmuc & Johann Scharler, 2008. "The transmission of business cycles Implications for EMU enlargement1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(3), pages 559-582, July.
    25. U. Michael Bergman & Lars Jonung, 2010. "Business Cycle Synchronization in Europe: Evidence from the Scandinavian Currency Union," European Economy - Economic Papers 2008 - 2015 402, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    26. Tomáš Havránek, 2010. "Rose effect and the euro: is the magic gone?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(2), pages 241-261, June.
    27. Alho, Kari, 2003. "The Impact of Regionalism on Trade in Europe," Discussion Papers 843, The Research Institute of the Finnish Economy.
    28. Tomáš Havránek, 2009. "Rose Effect and the Euro: The Magic is Gone," Working Papers IES 2009/20, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2009.
    29. Jacks, David S. & Meissner, Christopher M. & Novy, Dennis, 2010. "Trade costs in the first wave of globalization," Explorations in Economic History, Elsevier, vol. 47(2), pages 127-141, April.
    30. Guillaume Daudin & Matthias Morys & Kevin O'Rourke, 2008. "Europe and Globalization, 1870-1914," Working Papers hal-03459830, HAL.
    31. Franco Praussello, 2012. "The Theory of Endogenous Optimum Currency Areas: A Critical Note - La teoria delle aree monetarie ottimali endogene: una nota critica," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(1), pages 83-95.
    32. Ntokozo Patrick Nzimande & Harold Ngalawa, 2017. "The endogeneity of business cycle synchronisation in SADC: A GMM approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1358914-135, January.
    33. William Miles & Chu-Ping C. Vijverberg, 2014. "Did the Classical Gold Standard Lead to Greater Business Cycle Synchronization? Evidence from New Measures," Kyklos, Wiley Blackwell, vol. 67(1), pages 93-115, February.
    34. Luigi Pascali, 2014. "The wind of change: Maritime technology, trade and economic development," Economics Working Papers 1428, Department of Economics and Business, Universitat Pompeu Fabra.
    35. Keller, Wolfgang & Shiue, Carol, 2008. "Tariffs, Trains, and Trade: The Role of Institutions versus Technology in the Expansion of Markets," CEPR Discussion Papers 6759, C.E.P.R. Discussion Papers.
    36. Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March.
    37. Kris James Mitchener & Marc D. Weidenmier, 2005. "Supersanctions and Sovereign Debt Repayment," NBER Working Papers 11472, National Bureau of Economic Research, Inc.
    38. Richard Pomfret, 2004. "Sequencing Trade and Monetary Integration: Issues and Applications to Asia," School of Economics and Public Policy Working Papers 2004-14, University of Adelaide, School of Economics and Public Policy.
    39. Taylor, Alan M. & Wilson, Janine L.F., 2011. "International trade and finance: Complementaries in the United Kingdom 1870-1913 and the United States 1920-1930," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 268-288, February.

  27. Flandreau, Marc & Jobst, Clemens, 2005. "The Ties that Divide: A Network Analysis of the International Monetary System, 1890–1910," The Journal of Economic History, Cambridge University Press, vol. 65(4), pages 977-1007, December.
    See citations under working paper version above.
  28. Flandreau, Marc R, 2002. ""Water Seeks a Level": Modeling Bimetallic Exchange Rates and the Bimetallic Band," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(2), pages 491-519, May.

    Cited by:

    1. Flandreau, Marc & Sussman, Nathan, 2004. "Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century," CEPR Discussion Papers 4248, C.E.P.R. Discussion Papers.
    2. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    3. Bignon, Vincent & Flandreau, Marc, 2018. "The Other Way: A Narrative History of the Bank of France," CEPR Discussion Papers 13138, C.E.P.R. Discussion Papers.
    4. Marc Flandreau & Nathan Sussman, 2004. "Old sins. Exchange Clauses and European Foreign Lending in the 19th Century," Working Papers hal-01065494, HAL.
    5. Volckart, Oliver, 2015. "Power politics and princely debts: why Germany’s common currency failed, 1549-1556," LSE Research Online Documents on Economics 64496, London School of Economics and Political Science, LSE Library.
    6. Volckart, Oliver, 2018. "Technologies of money in the Middle Ages: the 'Principles of Minting'," LSE Research Online Documents on Economics 87152, London School of Economics and Political Science, LSE Library.
    7. Esteves, Rui Pedro & Reis, Jaime & Ferramosca, Fabiano, 2009. "Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854-1891," Explorations in Economic History, Elsevier, vol. 46(3), pages 324-345, July.
    8. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    9. Peter Kugler, 2011. "Financial Market Integration in Late Medieval Europe: Results from a Threshold Error Correction Model for the Rhinegulden and Basle Pound 1365-1429," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 147(III), pages 337-352, September.
    10. James Vladimir Torres, 2019. "Bullion and Monetary Flows in the Northern Andes: New Evidence and Insights, 1780-1800," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 6(1), pages 13-45.

  29. Flandreau, Marc, 2000. "The economics and politics of monetary unions: a reassessment of the Latin Monetary Union, 1865–71," Financial History Review, Cambridge University Press, vol. 7(1), pages 25-44, April.

    Cited by:

    1. Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
    2. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
    3. Flandreau, Marc & Sussman, Nathan, 2004. "Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century," CEPR Discussion Papers 4248, C.E.P.R. Discussion Papers.
    4. Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe," Open Economies Review, Springer, vol. 16(2), pages 135-152, April.
    5. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Marc Flandreau & Nathan Sussman, 2004. "Old sins. Exchange Clauses and European Foreign Lending in the 19th Century," Working Papers hal-01065494, HAL.
    7. Chiaruttini, Maria Stella, 2020. "Banking integration and (under)development: A quantitative reassessment of the Italian financial divide (1814-74)," IBF Paper Series 03-20, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    8. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," NBER Working Papers 13765, National Bureau of Economic Research, Inc.
    9. Olivier Accominotti & Marc Flandreau, 2006. "Does Bilateralism Promote Trade? Nineteenth Century Liberalization Revisited," Working Papers hal-01065617, HAL.
    10. Antoni Estevadeordal & Brian Frantz & Alan M. Taylor, 2002. "The Rise and Fall of World Trade, 1870-1939," NBER Working Papers 9318, National Bureau of Economic Research, Inc.
    11. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," Economic Journal, Royal Economic Society, vol. 118(533), pages 1805-1834, November.
    12. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    13. Flandreau, Marc & Maurel, Mathilde, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," CEPR Discussion Papers 3087, C.E.P.R. Discussion Papers.
    14. Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
    15. Jacopo Timini, 2021. "Revisiting the 'Cobden-Chevalier network' trade and welfare effects," Working Papers 2122, Banco de España.
    16. Rahman, Ahmed S., 2010. "Fighting the forces of gravity - Seapower and maritime trade between the 18th and 20th centuries," Explorations in Economic History, Elsevier, vol. 47(1), pages 28-48, January.
    17. Jonas Ljungberg & Anders Ögren, 2017. "Exchange rates, catch up, and lagging behind in Europe since 1870," Working Papers 17022, Economic History Society.
    18. Jacopo Timini & Marina Conesa, 2018. "Chinese exports and non-tariff measures: testing for heterogeneous effects at the product level," Working Papers 1830, Banco de España.

  30. Marc Flandreau & Marie-Chantale Riviere, 1999. "La Grande Retransformation ? Integration financiere internationale et controles de capitaux, 1880-1997," Economie Internationale, CEPII research center, issue 78, pages 11-58.

    Cited by:

    1. Dhaoui, Elwardi, 2013. "Impact social des délocalisations: mythe ou réalité? [Social impact of offshoring: myth or reality?]," MPRA Paper 63684, University Library of Munich, Germany.
    2. Farzad Mirmahboub, 2017. "Financial integration faced with the crisis: comparative cases of Greece and Portugal," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(3), pages 269-284, September.

  31. Flandreau, Marc, 1998. "The burden of intervention: externalities in multilateral exchange rates arrangements," Journal of International Economics, Elsevier, vol. 45(1), pages 137-171, June.
    See citations under working paper version above.
  32. Marc Flandreau & Jacques Le Cacheux, 1997. "Dettes publiques et stabilité monétaire en Europe. Les leçons de l'étalon or," Revue Économique, Programme National Persée, vol. 48(3), pages 529-538.

    Cited by:

    1. Gilles Dufrénot & Karim Triki, 2012. "Public debt ratio and its determinants in France since 1890 Does econometrics support the historical evidence?," Working papers 385, Banque de France.

  33. Marc Flandreau, 1997. "Central Bank Cooperation in Historical Perspective: A Sceptical View," Economic History Review, Economic History Society, vol. 50(4), pages 735-763, November.
    See citations under working paper version above.
  34. Marc Flandreau & Jacques Le Cacheux, 1996. "La convergence est-elle nécessaire à la création d'une zone monétaire ? Réflexions sur l'étalon or 1880-1914," Revue de l'OFCE, Programme National Persée, vol. 58(1), pages 5-41.
    See citations under working paper version above.
  35. Eichengreen, Barry & Flandreau, Marc, 1996. "Blocs, Zones and Bands: International Monetary History in Light of Recent Theoretical Developments," Scottish Journal of Political Economy, Scottish Economic Society, vol. 43(4), pages 398-418, September.

    Cited by:

    1. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    2. Paweł Marszałek, 2024. "Przemiany systemów pieniężnych – od kruszcu do walut cyfrowych," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 1, pages 73-92.
    3. Esteves, Rui Pedro & Reis, Jaime & Ferramosca, Fabiano, 2009. "Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854-1891," Explorations in Economic History, Elsevier, vol. 46(3), pages 324-345, July.
    4. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    5. Barry Eichengreen, 2019. "Two Views of the International Monetary System," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(4), pages 233-236, July.
    6. Barry Eichengreen & Domenico Lombardi, 2017. "RMBI or RMBR? Is the Renminbi Destined to Become a Global or Regional Currency?," Asian Economic Papers, MIT Press, vol. 16(1), pages 35-59, Winter/Sp.
    7. Barry Eichengreen, 1998. "Exchange Rate Stability and Financial Stability," Open Economies Review, Springer, vol. 9(1), pages 569-608, January.
    8. Tao Liu & Dong Lu & Liang Wang, 2023. "Hegemony or Harmony? A Unified Framework for the International Monetary System," Working Papers 202305, University of Hawaii at Manoa, Department of Economics.

  36. Flandreau, Marc, 1996. "The French Crime of 1873: An Essay on the Emergence of the International Gold Standard, 1870–1880," The Journal of Economic History, Cambridge University Press, vol. 56(4), pages 862-897, December.

    Cited by:

    1. Joseph H. Davis & Christopher Hanes & Paul W. Rhode, 2009. "Harvests and Business Cycles in Nineteenth-Century America," NBER Working Papers 14686, National Bureau of Economic Research, Inc.
    2. Nienke Oomes & Christopher M. Meissner, 2008. "Why Do Countries Peg the Way They Peg? The Determinants of Anchor Currency Choice," IMF Working Papers 2008/132, International Monetary Fund.
    3. Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
    4. Pamuk, Sevket & Karaman, Kivanc & Yıldırım-Karaman, Seçil, 2018. "Money and Monetary Stability in Europe, 1300-1914," CEPR Discussion Papers 12583, C.E.P.R. Discussion Papers.
    5. Craighead, William D. & Tien, Pao-Lin, 2015. "Nominal shocks and real exchange rates: Evidence from two centuries," Journal of International Money and Finance, Elsevier, vol. 56(C), pages 135-157.
    6. Flandreau, Marc & Sussman, Nathan, 2004. "Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century," CEPR Discussion Papers 4248, C.E.P.R. Discussion Papers.
    7. Christopher M. Meissner, 2015. "The Limits of Bimetallism," NBER Working Papers 20852, National Bureau of Economic Research, Inc.
    8. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    9. Pamfili Antipa & Vincent Bignon, 2018. "Whither Economic History? : Between Narratives and Quantification," Working Papers hal-03393148, HAL.
    10. Mitchener, Kris James & Pina, Gonçalo, 2020. "Pegxit pressure," Journal of International Money and Finance, Elsevier, vol. 107(C).
    11. Rita Martins de Sousa, 2019. "Portugal adoption of the gold standard: political reasons for a monetary choice (1846-1854)," Working Papers GHES - Office of Economic and Social History 2019/64, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
    12. Michael D. Bordo & Christopher M. Meissner & Marc D. Weidenmier, 2006. "Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism," NBER Working Papers 12299, National Bureau of Economic Research, Inc.
    13. Devereux, Michael B. & Smith, Gregor W., 2007. "Transfer problem dynamics: Macroeconomics of the Franco-Prussian war indemnity," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2375-2398, November.
    14. Marc Flandreau & Nathan Sussman, 2004. "Old sins. Exchange Clauses and European Foreign Lending in the 19th Century," Working Papers hal-01065494, HAL.
    15. Francois R. Velde, 2002. "Following the yellow brick road: how the United States adopted the gold standard," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q II), pages 42-58.
    16. Mr. Etienne B Yehoue, 2004. "Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities," IMF Working Papers 2004/222, International Monetary Fund.
    17. Michael D. Bordo & Pierre Siklos, 2017. "Central Banks: Evolution and Innovation in Historical Perspective," Economics Working Papers 17105, Hoover Institution, Stanford University.
    18. Francois R. Velde & Warren E. Weber, 2000. "A Model of Bimetallism," Journal of Political Economy, University of Chicago Press, vol. 108(6), pages 1210-1234, December.
    19. Kramer, Bert S. & Milionis, Petros, 2018. "Democratic Constraints and Adherence to the Classical Gold Standard," GGDC Research Memorandum GD-175, Groningen Growth and Development Centre, University of Groningen.
    20. António Portugal Duarte & João Sousa Andrade, 2011. "How the Gold Standard Functioned in Portugal: An Analysis of Some Macroeconomic Aspects," Post-Print hal-00665454, HAL.
    21. William D. Craighead, 2010. "Across Time And Regimes: 212 Years Of The Us‐Uk Real Exchange Rate," Economic Inquiry, Western Economic Association International, vol. 48(4), pages 951-964, October.
    22. Roldan Alba, 2022. "The Golden Fetters in the Mediterranean Periphery. How Spain and Italy Overcame Business Cycles Between 1870 and 1913?," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 16(1), pages 170-193, January.
    23. Dasgupta, Aditya & Ziblatt, Daniel, 2021. "Capital Meets Democracy: The Impact of Franchise Extension on Sovereign Bond Markets," SocArXiv s2pqn, Center for Open Science.
    24. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    25. Ricardo T. Fernholz & Kris James Mitchener & Marc Weidenmier, 2017. "Pulling up the Tarnished Anchor: The End of Silver as a Global Unit of Account," CESifo Working Paper Series 6436, CESifo.
    26. Bordo, Michael D. & Meissner, Christopher M. & Weidenmier, Marc D., 2009. "Identifying the effects of an exchange rate depreciation on country risk: Evidence from a natural experiment," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 1022-1044, October.
    27. Michael D. Bordo & William Roberds, 2024. "Central Bank Digital Currencies: An Old Tale with a New Chapter," Working Papers 323, Princeton University, Department of Economics, Center for Economic Policy Studies..
    28. Roger Vicquéry, 2022. "The Rise and Fall of Global Currencies over Two Centuries," Working papers 882, Banque de France.
    29. Pereira, Thales Zamberlan, 2025. "Inflation And Economic Growth In Imperial Brazil (1824-1889)," SocArXiv y5fnp_v1, Center for Open Science.
    30. George Selgin, 2003. "Steam, hot air, and small change: Matthew Boulton and the reform of Britain's coinage," Economic History Review, Economic History Society, vol. 56(3), pages 478-509, August.
    31. Andre Varella Mollick, 2016. "Adoption of the Gold Standard and Real Exchange Rates in the Core and Periphery, 1870–1913," International Finance, Wiley Blackwell, vol. 19(1), pages 89-107, April.
    32. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    33. Michael D. Bordo & Anna J. Schwartz, 1997. "Monetary Policy Regimes and Economic Performance: The Historical Record," NBER Working Papers 6201, National Bureau of Economic Research, Inc.
    34. Ljungberg, Jonas & Ögren, Anders, 2019. "Discipline or external balance? The choice of international monetary systems in Europe," Lund Papers in Economic History 190, Lund University, Department of Economic History.
    35. Rui Pedro Esteves, 2005. "Market Integration in the Golden Periphery - the Lisbon/London Exchange, 1854-1891," Working Papers w200515, Banco de Portugal, Economics and Research Department.
    36. Michael D. Bordo & William Roberds, 2022. "Central Bank Digital Currencies: An Old Tale with a New Chapter," FRB Atlanta Working Paper 2022-18, Federal Reserve Bank of Atlanta.
    37. Wolf, Marvin, 2013. "Währungsunionen und Allmendeproblem," Hannover Economic Papers (HEP) dp-521, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    38. Jobst, Clemens & Bignon, Vincent, 2017. "Economic crises and the eligiblity for the lender of last resort: evidence from 19th century France," Working Paper Series 2027, European Central Bank.
    39. Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
    40. Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March.
    41. Jacks, David S., 2006. "What drove 19th century commodity market integration?," Explorations in Economic History, Elsevier, vol. 43(3), pages 383-412, July.
    42. Larry Neal & Marc Weidenmier, 2002. "Crises in the Global Economy from Tulips to Today: Contagion and Consequences," NBER Working Papers 9147, National Bureau of Economic Research, Inc.
    43. Sophia Lazaretou, 2004. "The Drachma, Foreign Creditors and the International Monetary System: Tales of a Currency during the 19th and the Early 20th Century," Working Papers 16, Bank of Greece.

  37. Flandreau, Marc, 1996. "Adjusting to the Gold Rush: Endogenous Bullion Points and the French Balance of Payments 1846-1870," Explorations in Economic History, Elsevier, vol. 33(4), pages 417-439, October.

    Cited by:

    1. Flandreau, Marc R, 2002. ""Water Seeks a Level": Modeling Bimetallic Exchange Rates and the Bimetallic Band," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(2), pages 491-519, May.
    2. Ejrnaes, Mette & Persson, Karl Gunnar, 2000. "Market Integration and Transport Costs in France 1825-1903: A Threshold Error Correction Approach to the Law of One Price," Explorations in Economic History, Elsevier, vol. 37(2), pages 149-173, April.
    3. Claude Diebolt & Antoine Parent, 2006. "Were there Anomalies in the Sterling-Franc Exchange Rate Regulation during the Mid-19th Century?," Working Papers 06-08, Association Française de Cliométrie (AFC).
    4. Diebolt, Claude & Parent, Antoine, 2008. "Bimetallism: The "rules of the game"," Explorations in Economic History, Elsevier, vol. 45(3), pages 288-302, July.
    5. Nogues-Marco, Pilar & Esteves, Rui, 2019. "Monetary Systems and the Global Balance-of-Payments Adjustment in the Pre-Gold Standard Period, 1700-1870," CEPR Discussion Papers 13652, C.E.P.R. Discussion Papers.
    6. Flandreau, Marc, 1998. "The burden of intervention: externalities in multilateral exchange rates arrangements," Journal of International Economics, Elsevier, vol. 45(1), pages 137-171, June.

  38. Flandreau, Marc, 1993. "On the inflationary bias of common currencies : The Latin Union puzzle," European Economic Review, Elsevier, vol. 37(2-3), pages 501-506, April.

    Cited by:

    1. Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
    2. Volker Hofmann & Friedrich Sell, 1993. "Credibility, currency convertibility and the stabilisation of the rouble," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 28(1), pages 11-16, January.
    3. Marc Flandreau, 1995. "Monnaie commune, décentralisation et inflation : Hujus Regio, Cujus Pecunia ?," Sciences Po Economics Publications (main) hal-03458200, HAL.
    4. Jean-Paul Fitoussi & Marc Flandreau, 1994. "Le Système monétaire international et l'Union monétaire européenne," Post-Print hal-03393495, HAL.
    5. Eichengreen, Barry & Flandreau, Marc, 1994. "The Geography of the Gold Standard," Center for International and Development Economics Research (CIDER) Working Papers 233393, University of California-Berkeley, Department of Economics.
    6. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    7. Marc Flandreau, 1995. "Monnaie commune, décentralisation et inflation : Hujus Regio, Cujus Pecunia ?," Revue de l'OFCE, Programme National Persée, vol. 52(1), pages 29-47.
    8. Sophia, 2003. "Greek Monetary Economics in Retrospect: The Adventures of the Drachma," Working Papers 02, Bank of Greece.
    9. Chris Kirrane, 2018. "The Bretton Woods Experience and ERM," Papers 1807.00418, arXiv.org.
    10. Richard Pomfret, 2017. "Currency Union and Disunion in Europe and the Former Soviet Union," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(04), pages 43-47, January.
    11. Kirrane, Chris, 1995. "The Bretton Woods Experience and ERM," MPRA Paper 89000, University Library of Munich, Germany.
    12. Marc Flandreau, 2001. "The Bank, the States, and the Market: an Austro-Hungarian Tale for Euroland, 1867-1914," Working Papers hal-01064887, HAL.
    13. Richard Pomfret, 2003. "Formation and Dissolution of Monetary Unions: Evidence from Europe, and Lessons for Elsewhere," School of Economics and Public Policy Working Papers 2003-03, University of Adelaide, School of Economics and Public Policy.
    14. Larry Neal & Marc Weidenmier, 2002. "Crises in the Global Economy from Tulips to Today: Contagion and Consequences," NBER Working Papers 9147, National Bureau of Economic Research, Inc.
    15. Marc Flandreau, 1995. "Monnaie commune, décentralisation et inflation : Hujus Regio, Cujus Pecunia ?," Post-Print hal-03458200, HAL.

Chapters

  1. Marc Flandreau, 2013. "Do good sovereigns default? Lessons of history," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 72, pages 19-25, Bank for International Settlements.

    Cited by:

    1. I. Balyuk & И. Балюк А., 2018. "Проблема внешнего долга и мировая финансовая архитектура // External Debt Problem and Global Financial Architecture," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 6(4), pages 18-29.

  2. Marc Flandreau & Juan H. Flores & Norbert Gaillard & Sebastián Nieto-Parra, 2010. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815–2007," NBER Chapters, in: NBER International Seminar on Macroeconomics 2009, pages 53-92, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Michael D. Bordo & Marc Flandreau, 2003. "Core, Periphery, Exchange Rate Regimes, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 417-472, National Bureau of Economic Research, Inc.
    See citations under working paper version above.

Books

  1. Eichengreen, Barry & Flandreau, Marc & Mehl, Arnaud & Chitu, Livia, 2017. "International Currencies Past, Present, and Future: Two Views from Economic History," OUP Catalogue, Oxford University Press, number 9780190659455.

    Cited by:

    1. Mehl, Arnaud, 2015. "Stability or upheaval? The currency composition of international," The international role of the euro - Special feature, European Central Bank.
    2. Mohammed Ahmed, Abdullahi, 2019. "China’s Bilateral Currency Swap Agreement: Strategic Move to Foster Political and Financial Hegemony," MPRA Paper 109879, University Library of Munich, Germany, revised 08 Oct 2019.
    3. Miaojie Yu, 2020. "China-US Trade War and Trade Talk," Springer Books, Springer, number 978-981-15-3785-1, January.
    4. Matthew Harrison & Geng Xiao, 2019. "China and Special Drawing Rights—Towards a Better International Monetary System," JRFM, MDPI, vol. 12(2), pages 1-15, April.
    5. Miaojie Yu, 2023. "Internationalisierung des RMB und Belt and Road Initiative," Springer Books, in: Handelskrieg und Handelsgespräche zwischen China und den USA, chapter 10, pages 157-173, Springer.
    6. Jeremy Srouji, 2021. "Why is World Money World Money? A View from the Functions of Money," GREDEG Working Papers 2021-44, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    7. Delphine Lahet & Stéphanie Prat, 2021. "Internationalisation of emerging market currencies and original sin: Empirical evidence," The World Economy, Wiley Blackwell, vol. 44(7), pages 1973-2003, July.
    8. Delphine Lahet & Stéphanie Prat, 2023. "Local-currency debt and currency internationalization dynamics: A nonlinear framework," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 215-254, February.
    9. Cheung, Yin-Wong, 2020. "A decade of RMB internationalization," BOFIT Policy Briefs 13/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    10. Fan Zhang & Miaojie Yu & Jiantuo Yu & Yang Jin, 2017. "The Effect of RMB Internationalization on Belt and Road Initiative: Evidence from Bilateral Swap Agreements," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 53(12), pages 2845-2857, December.
    11. Hanin Khawaja, 2025. "Beyond Singularity and Multipolarity: Functional Fragmentation in the International Monetary System," Working Papers 2514, New School for Social Research, Department of Economics.
    12. Barry Eichengreen & Domenico Lombardi, 2017. "RMBI or RMBR? Is the Renminbi Destined to Become a Global or Regional Currency?," Asian Economic Papers, MIT Press, vol. 16(1), pages 35-59, Winter/Sp.
    13. Ward, Felix & Chen, Yao, 2016. "Rigid relations: External adjustment under the Gold Standard (1880-1913)," VfS Annual Conference 2016 (Augsburg): Demographic Change 145930, Verein für Socialpolitik / German Economic Association.
    14. Austin Kwon, 2017. "Trends in the Accumulation of Net Foreign Reserves since World War II," Studies in Applied Economics 94, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    15. Miaojie Yu, 2023. "Chinas Handelsentwicklung und die Gestaltung der Öffnungspolitik in den letzten vier Jahrzehnten," Springer Books, in: Handelskrieg und Handelsgespräche zwischen China und den USA, chapter 1, pages 3-22, Springer.
    16. Popov, Vladimir, 2023. "US dollar is losing it position of a reserve currency: How the BRICS development bank can ensure the soft landing," MPRA Paper 118342, University Library of Munich, Germany.

  2. Flandreau, Marc, 2016. "Anthropologists in the Stock Exchange," University of Chicago Press Economics Books, University of Chicago Press, number 9780226360300, May.

    Cited by:

    1. Nicolas Pinsard, 2017. "Note de lecture "Anthropologists in the Stock Exchange. A Financial History of Victorian Science" (de M. Flandreau)," Post-Print hal-01666974, HAL.
    2. Sylvain Thine & Yamina Tadjeddine, 2018. "La diversité des capitalismes financiers, le cas des Fusions-Acquisition en France," Working Papers of BETA 2018-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Pierre Penet & Juan Flores Zendejas, 2021. "Sovereign Debt Diplomacies. Introduction," Post-Print hal-03352759, HAL.
    4. Hecht, Susanna & Rajão, Raoni, 2020. "From “Green Hell” to “Amazonia Legal”: Land use models and the re-imagination of the rainforest as a new development frontier," Land Use Policy, Elsevier, vol. 96(C).
    5. Marc Flandreau & Geoffroy Legentilhomme, 2022. "Cyberpunk Victoria: The credibility of computers and the first digital revolution, 1848–83," Economic History Review, Economic History Society, vol. 75(4), pages 1083-1119, November.

  3. Flandreau, Marc, 2004. "The Glitter of Gold: France, Bimetallism, and the Emergence of the International Gold Standard, 1848-1873," OUP Catalogue, Oxford University Press, number 9780199257867.

    Cited by:

    1. Marc Flandreau & Kim Oosterlinck, 2011. "Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities," Working Papers CEB 11-001, ULB -- Universite Libre de Bruxelles.
    2. Nuno Palma, 2018. "Reconstruction of money supply over the long run: the case of England, 1270–1870," Economic History Review, Economic History Society, vol. 71(2), pages 373-392, May.
    3. Bignon, Vincent & Flandreau, Marc, 2018. "The Other Way: A Narrative History of the Bank of France," CEPR Discussion Papers 13138, C.E.P.R. Discussion Papers.
    4. Felix Ward & Yao Chen & Nuno Palma, 2021. "Reconstruction of the Spanish Money Supply, 1492-1810," Tinbergen Institute Discussion Papers 21-033/VI, Tinbergen Institute, revised 10 May 2021.
    5. John Maloney, 2006. "Britain's single currency debate of the late 1860s," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(4), pages 513-531.
    6. Atsushi Kobayashi, 2017. "Price Fluctuations and Growth Patterns in Singapore's Trade, 1831–1913," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(1), pages 108-129, March.
    7. Nogues-Marco, Pilar, 2017. "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers unige:100808, University of Geneva, Paul Bairoch Institute of Economic History.
    8. Edvinsson, Rodney, 2012. "The international political economy of early modern copper mercantilism: Rent seeking and copper money in Sweden 1624–1776," Explorations in Economic History, Elsevier, vol. 49(3), pages 303-315.
    9. Stefano Ugolini, 2012. "The origins of foreign exchange policy: the National Bank of Belgium and the quest for monetary independence in the 1850s," Post-Print hal-01293694, HAL.
    10. Marc Flandreau & Clemens Jobst, 2005. "The Ties that Divide: A Network Analysis of the International Monetary System, 1890-1910," Working Papers hal-01065599, HAL.
    11. Ricardo T. Fernholz & Kris James Mitchener & Marc Weidenmier, 2017. "Pulling up the Tarnished Anchor: The End of Silver as a Global Unit of Account," CESifo Working Paper Series 6436, CESifo.
    12. Alan de Bromhead & David Jordan & Francis Kennedy & Jack Seddon, 2023. "Sterling's farewell symphony: The end of the Sterling Area revisited," Economic History Review, Economic History Society, vol. 76(2), pages 415-444, May.
    13. Daniel Kaufmann, 2019. "Nominal stability over two centuries," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 155(1), pages 1-23, December.
    14. Marc Flandreau & Stefano Ugolini, 2011. "Where It All Began: Lending of Last Resort and the Bank of England During the Overend, Gurney Panic of 1866," Working Papers 0007, European Historical Economics Society (EHES).
    15. Stefano Ugolini, 2011. "What do we really know about the long-term evolution of central banking? Evidence from the past, insights for the present," Working Paper 2011/15, Norges Bank.
    16. Claude Diebolt & Antoine Parent, 2006. "Were there Anomalies in the Sterling-Franc Exchange Rate Regulation during the Mid-19th Century?," Working Papers 06-08, Association Française de Cliométrie (AFC).
    17. Vincent Bignon & Marc Flandreau & Stefano Ugolini, 2009. "Bagehot for beginners: The making of lending of last resort operations in the mid-19th century," Working Paper 2009/22, Norges Bank.
    18. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    19. Tena Junguito, Antonio & Lampe, Markus & Tâmega, Felipe, 2012. "How much trade liberalization was there in the world before and after Cobden-Chevalier?," IFCS - Working Papers in Economic History.WH wp12-02, Universidad Carlos III de Madrid. Instituto Figuerola.
    20. Guillaume Bazot & Michael D. Bordo & Eric Monnet, 2014. "The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)," NBER Working Papers 20554, National Bureau of Economic Research, Inc.
    21. Irigoin, Alejandra & Kobayashi, Atsushi & Chilosi, David, 2023. "China inside out: explaining silver flows in the triangular trade, c.1820s-1870s," LSE Research Online Documents on Economics 119759, London School of Economics and Political Science, LSE Library.
    22. Nogues-Marco, Pilar & Herranz-Loncán, Alfonso & Aslanidis, Nektarios, 2017. "The making of a national currency. Spatial transaction costs and money market integration in Spain (1825-1874)," CEPR Discussion Papers 12453, C.E.P.R. Discussion Papers.
    23. Bojanic, Antonio N., 2011. "Final Years of the Silver Standard in Mexico: Evidence of Purchasing Power Parity with The United States," MPRA Paper 45535, University Library of Munich, Germany, revised 27 Jul 2011.
    24. Marc Flandreau & Stefano Ugolini, 2013. "Where It All Began: Lending of Last Resort and Bank of England Monitoring During the Overend-Gurney Panic of 1866," Post-Print hal-01293916, HAL.
    25. Lin, Justin Yifu & Fardoust, Shahrokh & Rosenblatt, David, 2012. "Reform of the international monetary system : a jagged history and uncertain prospects," Policy Research Working Paper Series 6070, The World Bank.
    26. Antoin Murphy, 2005. "Corporate Ownership in France: The Importance of History," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 185-222, National Bureau of Economic Research, Inc.
    27. Hasan, Mohammad S., 2006. "Equilibrium and efficiency of exchange rates in a silver-based monetary system--the cases of India and Iran," Economics Letters, Elsevier, vol. 93(3), pages 318-322, December.
    28. Claude Diebolt & Antoine Parent, 2008. "86," Applied Economics Letters, Taylor & Francis Journals, vol. 15(12), pages 915-919.
    29. Nuno Palma, 2016. "Reconstruction of annual money supply over the long run: The case of England, 1279-1870," Working Papers 0094, European Historical Economics Society (EHES).
    30. Antonio N. Bojanic, 2010. "Evidence Of Purchasing Power Parity In Silver‐Backed Mexico And India," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 50(3), pages 306-320, November.
    31. Nuno Palma, 2019. "The Real Effects of Monetary Expansions: Evidence from a Large-Scale Historical Natural Experiment," Economics Discussion Paper Series 1904, Economics, The University of Manchester, revised Aug 2021.
    32. Klaus, Hendrik, 2025. "Germany's 1875 Banking Act and the genesis of a monetary framework: 1866-76," IBF Paper Series 02-25, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.

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