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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
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Parent, Antoine

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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 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)|
Keywords currency policy; historical analysis; central bank; France; currency; Great Britain; cooperation; gold; gold standard; international comparison; competition; nineteenth century
Classification Social History, Historical Social Research
Method historical
Document language English
Publication Year 2008
Page/Pages p. 264-173
Journal Historical Social Research, 33 (2008) 4
ISSN 0172-6404
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works