ABSTRACT

In this volume an international team of distinguished monetary historians examine the historical experience of exchange rate behaviour under different monetary regimes. The main focus is on metallic standards and fixed exchange rates, such as the gold standard. With its combination of thematic overviews and case studies of the key countries and periods, the book greatly enhances our understanding of past monetary systems.

part |2 pages

Part I MONETARY SYSTEMS

part |2 pages

Part II METALLIC STANDARDS

chapter 5|44 pages

“BIMETALLIC SNAKE” AND MONETARY REGIMES

The stability of the exchange rate between London and Paris from 1796 to 1873

chapter 6|27 pages

AS GOOD AS GOLD?

Bimetallism in equilibrium, 1850–70

chapter 7|32 pages

THE ANCIEN RÉGIME AND THE CLASSICS

Multimetallism, tabular standards and the classical theory of money

part |2 pages

Part III EXCHANGE-RATE BEHAVIOR UNDER THE GOLD STANDARD