Bimetallism: The "rules of the game"

Claude DIEBOLT () and Antoine Parent

Explorations in Economic History, 2008, vol. 45, issue 3, pages 288-302

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.

Date: 2008

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