The Bank, the States, and the Market: An Austro-Hungarian Tale for Euroland, 1867-1914
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Marc Flandreau, 2001. "The Bank, the States, and the Market: an Austro-Hungarian Tale for Euroland, 1867-1914," Working Papers hal-01064887, HAL.
References listed on IDEAS
- repec:hal:spmain:info:hdl:2441/645 is not listed on IDEAS
- Marc Flandreau & Jacques Le Cacheux & Frédéric Zumer, 1998.
"Stability without a pact? Lessons from the European gold standard, 1880—1914,"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 13(26), pages 116-162.
- 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.
- Missale, Alessandro & Blanchard, Olivier Jean, 1994.
"The Debt Burden and Debt Maturity,"
American Economic Review, American Economic Association, vol. 84(1), pages 309-319, March.
- Alessandro Missale & Olivier Jean Blanchard, 1991. "The Debt Burden and Debt Maturity," NBER Working Papers 3944, National Bureau of Economic Research, Inc.
- Marc Flandreau & Jacques Le Cacheux & Frédéric Zumer, 1998.
"Stability without a pact?,"
SciencePo Working papers Main
hal-03416381, HAL.
- Marc Flandreau & Jacques Le Cacheux & Frédéric Zumer, 1998. "Stability without a pact?," Post-Print hal-03416381, HAL.
- Mathilde Maurel, 1998.
"Régionalisme et désintégration en Europe centrale et orientale : Une approche gravitationnelle,"
Post-Print
halshs-00468847, HAL.
- Mathilde Maurel, 1998. "Régionalisme et désintégration en Europe centrale et orientale : une approche gravitationnelle," Post-Print hal-03571115, HAL.
- Mathilde Maurel, 1998. "Régionalisme et désintégration en Europe centrale et orientale : une approche gravitationnelle," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03571115, HAL.
- Frédéric Zumer & Jacques Le Cacheux & Marc Flandreau, 1998.
"Stability without a pact? Lessons from the European Gold Standard, 1880-1913,"
Working Papers
hal-01037858, HAL.
- Frédéric Zumer & Jacques Le Cacheux & Marc Flandreau, 1998. "Stability without a pact? Lessons from the European Gold Standard, 1880-1913," SciencePo Working papers Main hal-01037858, HAL.
- repec:spo:wpmain:info:hdl:2441/645 is not listed on IDEAS
- Willem H. Buiter, 1999.
"Alice in Euroland,"
Journal of Common Market Studies, Wiley Blackwell, vol. 37(2), pages 181-209, June.
- W.H. Buiter, 1999. "Alice in Euroland," CEP Discussion Papers dp0423, Centre for Economic Performance, LSE.
- Buiter, Willem H., 1999. "Alice in Euroland," LSE Research Online Documents on Economics 20226, London School of Economics and Political Science, LSE Library.
- repec:hal:wpspec:info:hdl:2441/645 is not listed on IDEAS
- Rudiger Dornbusch, 1992. "Monetary problems of post-communism: Lessons from the end of the Austro-Hungarian empire," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 128(3), pages 391-424, September.
- repec:spo:wpecon:info:hdl:2441/645 is not listed on IDEAS
- Marc Flandreau, 1996. "The Geography of the Gold Standard," Post-Print hal-03398015, HAL.
- Marc Flandreau & Jacques Le Cacheux & Frédéric Zumer, 1998.
"Stability without a pact?,"
Post-Print
hal-03416381, HAL.
- Marc Flandreau & Jacques Le Cacheux & Frédéric Zumer, 1998. "Stability without a pact?," Post-Print hal-03416380, HAL.
- Marc Flandreau, 1993. "On the Inflationary Bias of Common Currencies: the Latin Union Puzzle," Post-Print hal-03416221, HAL.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- A History Lesson for Scotland
by Carola Binder in Noahpinion on 2013-11-27 10:05:00
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- 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.
- Marc Flandreau & Mathilde Maurel, 2001.
"Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It,"
Working Papers
hal-01065006, HAL.
- 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.
- Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration and Business Cycles in 19th Century Europe: Just Do It," Post-Print hal-03568970, HAL.
- Marc Flandreau & Mathilde Maurel, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01065006, HAL.
- Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration and Business Cycles in 19th Century Europe: Just Do It," SciencePo Working papers Main hal-03568970, HAL.
- Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration and Business Cycles in 19th Century Europe: Just Do It," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03568970, HAL.
- Giuseppe Tullio & Jürgen Wolters, 2007.
"Monetary Policy in Austria–Hungary, 1876–1913: An Econometric Analysis of the Determinants of the Central Bank’s Discount Rate and the Liquidity Ratio,"
Open Economies Review, Springer, vol. 18(5), pages 521-537, November.
- 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.
- Richard C.K. Burdekin & Kris James Mitchener & Marc D. Weidenmier, 2012.
"Irving Fisher and Price‐Level Targeting in Austria: Was Silver the Answer?,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(4), pages 733-750, June.
- Richard C.K. Burdekin & Kris James Mitchener & Marc D. Weidenmier, 2012. "Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(4), pages 733-750, June.
- 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.
- 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.
- 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.
- Rodney Thom & Brendan 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.
- Gade, Thomas & Salines, Marion & Glöckler, Gabriel & Strodthoff, Steffen, 2013. "“Loose lips sinking markets?": the impact of political communication on sovereign bond spreads," Occasional Paper Series 150, European Central Bank.
- 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.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:spo:wpecon:info:hdl:2441/623 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/623 is not listed on IDEAS
- repec:hal:spmain:info:hdl:2441/623 is not listed on IDEAS
- repec:onb:oenbwp:y::i:43:b:1 is not listed on IDEAS
- repec:hal:wpspec:info:hdl:2441/623 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/622 is not listed on IDEAS
- 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.
- Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," NBER Working Papers 8584, National Bureau of Economic Research, Inc.
- Michael D. Bordo & Marc Flandreau, 2001. "Core, Periphery, Exchange Rate Regimes, and Globalization," Working Papers hal-01065012, HAL.
- Bordo, Michael & Flandreau, Marc, 2001. "Core, Periphery, Exchange Rate Regimes and Globalization," CEPR Discussion Papers 3077, C.E.P.R. Discussion Papers.
- repec:hal:wpspec:info:hdl:2441/622 is not listed on IDEAS
- 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.
- repec:spo:wpecon:info:hdl:2441/622 is not listed on IDEAS
- repec:hal:spmain:info:hdl:2441/622 is not listed on IDEAS
- 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.
- Marc Flandreau, 2006. "The logic of compromise : monetary bargaining in Austria-Hungary 1867-1913," Working Papers hal-01065619, HAL.
- Flandreau, Marc, 2006. "The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913," CEPR Discussion Papers 5397, C.E.P.R. Discussion Papers.
- 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).
- Marc Flandreau & Mathilde Maurel, 2001.
"Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It,"
Working Papers
hal-01065006, HAL.
- 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.
- Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration and Business Cycles in 19th Century Europe: Just Do It," Post-Print hal-03568970, HAL.
- Marc Flandreau & Mathilde Maurel, 2001. "Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01065006, HAL.
- Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration and Business Cycles in 19th Century Europe: Just Do It," SciencePo Working papers Main hal-03568970, HAL.
- Marc Flandreau & Mathilde Maurel, 2005. "Monetary Union, Trade Integration and Business Cycles in 19th Century Europe: Just Do It," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03568970, HAL.
- repec:spo:wpecon:info:hdl:2441/603 is not listed on IDEAS
- repec:hal:wpspec:info:hdl:2441/603 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/603 is not listed on IDEAS
- Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, June.
- 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.
- repec:hal:spmain:info:hdl:2441/603 is not listed on IDEAS
- 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.
- 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.
- 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.
- 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.
- 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," IHEID Working Papers 04-2009, Economics Section, The Graduate Institute of International Studies.
- Flandreau, Marc & Flores, Juan & Gaillard, Norbert & Nieto-Parra, Sebastian, 2009. "The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815-2007," CEPR Discussion Papers 7347, C.E.P.R. Discussion Papers.
- 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.
- 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.
- 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.
- 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.
- Bernoth, Kerstin & Hagen, Jürgen von & Schuknecht, Ludger, 2006. "Sovereign Risk Premiums in the European Government Bond Market," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 151, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Chavaz, Matthieu & Flandreau, Marc, 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.
- 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).
- Marc Flandreau & Clemens Jobst, 2006. "The Empirics of International Currencies: Evidence from the 19th Century," Working Papers hal-01065631, HAL.
- 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.
- Hoffmann, Andreas, 2013. "The euro as a proxy for the classical gold standard? Government debt financing and political commitment in historical perspective," Working Papers 119, University of Leipzig, Faculty of Economics and Management Science.
- 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.
- Marc Flandreau, 2003. "Crises and Punishment : Moral Hazard and the pre-1914 international financial architecture," Working Papers hal-01065035, HAL.
- repec:spo:wpmain:info:hdl:2441/669 is not listed on IDEAS
- 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.
- repec:hal:wpspec:info:hdl:2441/669 is not listed on IDEAS
- Jacopo Timini, 2018.
"Currency unions and heterogeneous trade effects: the case of the Latin Monetary Union [Bilateral treaties and the most-favored-nation clause: the myth of trade liberalization in the nineteenth cent,"
European Review of Economic History, European Historical Economics Society, vol. 22(3), pages 322-348.
- Jacopo Timini, 2017. "Currency unions and heterogeneous trade effects: the case of the latin monetary union," Working Papers 1739, Banco de España.
- 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.
More about this item
Keywords
Credit channel; balance sheet channel; investment; panel data;All these keywords.
JEL classification:
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EEC-2001-08-21 (European Economics)
- NEP-IFN-2001-08-21 (International Finance)
- NEP-MON-2001-08-21 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbwp:43. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Markus Knell (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.