Bimetallism: The “rules of the game” |
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Authors: | Claude Diebolt Antoine Parent |
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Institution: | a BETA/CNRS, Université Louis Pasteur de Strasbourg & Humboldt-Universität zu Berlin, Faculté des Sciences Economiques, 67085 Strasbourg Cedex, France b BETA/CNRS, Université Nancy 2, 13 place Carnot, 54035 Nancy Cedex, France |
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Abstract: | Based on historical evidence found in Juglar and Bonnet that over the Bimetallic period French and British central banks did co-operate when using their discount rates as policy instruments for currency stabilization, we test whether Bimetallism was a regulated system or not. Our revised story of Bimetallism contrasts the existing literature which identifies this regime as a self-equilibrating system, constrained by specie points. |
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Keywords: | C22 N10 N23 |
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