La convergence est-elle nécessaire à la création d’une zone monétaire ? Réflexions sur l’étalon or 1880-1914

Marc Flandreau () and Jacques Le Cacheux
Additional contact information
Marc Flandreau: Sciences Po - Sciences Po, Centre for Finance and Development - GRADUATE INSTITUTE OF INTERNATIONAL AND DEVELOPMENT STUDIES

Post-Print from HAL

Abstract: The Maastricht Treaty has emphasised that « convergence » criteria were holy principles for a successful completion of monetary unification. From this respect, the experience of the «classical» gold standard of the late nineteenth century might have interesting lessons for us, because convergence under the gold standard took place out of any formal framework, and yet it was a success. This paper is a first interim report in a research program aimed at building a number of long term series for public debts, public finance, inflation rates, interest rates, and exchange rates for a large sample of European countries (France, Germany, Spain, Belgium, Great-Britain, Greece, Holland, the Austrian Empire, Russia, Italy, Norway, Sweden, Switzerland, Portugal, Denmark) and over the period 1 880-1 91 3, in order to assess the causes of the stability of the gold standard. While the broader project is far from being completed, we seek here to provide a number of provisory conclusions and research hypotheses that could be very relevant for contemporary debates.

Keywords: Zone monétaire; Étalon or (search for similar items in EconPapers)
Date: 1996-07
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03458273v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Revue de l'OFCE, 1996, 58, pp.5-41. ⟨10.3406/ofce.1996.1428⟩

Downloads: (external link)
https://sciencespo.hal.science/hal-03458273v1/document (application/pdf)

Related works:
Journal Article: La convergence est-elle nécessaire à la création d'une zone monétaire ? Réflexions sur l'étalon or 1880-1914 (1996)
Working Paper: La convergence est-elle nécessaire à la création d’une zone monétaire ? Réflexions sur l’étalon or 1880-1914 (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03458273

DOI: 10.3406/ofce.1996.1428

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().