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The Irish paper pound of 1797-1820 : some cliometrics of the bullionist debate

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  • Cormac Ó Gráda

Abstract

The analysis of the celebrated Bullion Report of 1810 was anticipated in large part by the lesser-known Currency Report of 1804. Both claimed that the phenomena under investigation--the depreciation of the Irish pound in 1803-04 and the rise in the price of gold in 1808-10--were exclusively monetary in origin. The paper uses cointegration techniques in order to test the proposition of the Irish Report. In that case, a 'hard' bullionist interpretation is insufficient to account for the observed exchange rate movements. Copyright 1993 by Royal Economic Society.
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Suggested Citation

  • Cormac Ó Gráda, 1992. "The Irish paper pound of 1797-1820 : some cliometrics of the bullionist debate," Working Papers 199202, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:199202
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    File URL: http://hdl.handle.net/10197/1536
    File Function: First version, 1992
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