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When economists 'tell histories': the truncated story of central banks' cooperation over the bimetallic period
Wenn Wirtschaftswissenschaftler 'Geschichten' erzählen: die verkürzte Geschichte der Kooperation der Zentralbanken über die bimetallische Periode
[journal article]
Abstract 'In this article, the author assesses the meaning of the controversies about the French and British central banks' solidarity over the bimetallic period (1850-1870). Her purpose is to highlight how historical case studies can become the instrument of a distorted economic view. In the main stream lit... view more
'In this article, the author assesses the meaning of the controversies about the French and British central banks' solidarity over the bimetallic period (1850-1870). Her purpose is to highlight how historical case studies can become the instrument of a distorted economic view. In the main stream literature, the argument of the discount rates correlation is turned into rivalry between the two issuing institutions. This view omits the reading of Bimetallism as a coordinated discount rate policy of the French and British central banks and supports bimetallism as a self-equilibrating system.' (author's abstract)|... view less
Keywords
gold; international comparison; France; historical analysis; central bank; competition; currency; currency policy; Great Britain; gold standard; cooperation; nineteenth century
Classification
Social History, Historical Social Research
Method
historical
Document language
English
Publication Year
2008
Page/Pages
p. 264-273
Journal
Historical Social Research, 33 (2008) 4
DOI
https://doi.org/10.12759/hsr.33.2008.4.264-173
ISSN
0172-6404
Status
Published Version; peer reviewed