Titlebook: International Monetary Systems in Historical Perspective; Jaime Reis (Senior Research Fellow) Book 1995 Palgrave Macmillan, a division of

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Introduction,nue from the difference between its face value and its intrinsic worth, particularly if he is the monopoly producer of such an essential commodity. The state, which has a monopoly of power as well, has often been attracted by this and has tended to take over the function of producing money. Secondly

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,The Classical Gold Standard’s Adjustment to Shocks: American Railroads and British Investment in thSome observers have argued that the gold standard outperformed the actively managed monetary arrangements of more recent decades. But since our understanding of the details of the workings of the historic gold standard remains seriously incomplete, such statements remain speculative. This chapter ex

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Recent Developments in Bimetallic Theory, years ago the monetary system that dominated the post-Medieval world had received little attention in the modern professional economic literature. Bimetallism had mostly been seen as an unstable precursor of the gold standard, subjecting economies to unnecessary — and possibly costly — periodic rec

Congestion

Was the Latin Monetary Union a Franc Zone?,which created what the press called . or Latin Union, but which was officially known as .) the member states shared a common monetary base consisting of specie. The agreement, established in the first instance for fifteen years and renewable (it would be indeed renewed in 1880) provided for the circ

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,The Scandinavian Currency Union 1875–1914, nineteenth century.. Following Bartel (1974: 703): ‘It was an important precursor to the attempts at international monetary cooperation which were to come after the Second World War.’ This chapter offers a re-examination of the Union, its background and its working until its breakdown under the str

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Portugal and the Bretton Woods International Monetary System,tieth century, the escudo was pegged to sterling from 1931 to 1949 and from 1949 until 1973 the escudo was pegged to the dollar. The monetary authorities exhibited a strong and credible commitment to the maintenance of the fixed rate which is clearly illustrated by the behaviour of the nominal excha