Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/209968 
Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Working Paper No. 2010/23
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
This paper analyses the architecture of the international monetary system which preceded the international gold standard (1844-1870). It builds on a newly-created database made up of more than 100,000 weekly observations on exchange rates, interest rates, and bullion prices in the world's six most important financial centers of the time. Market integration, substitutability of money market instruments, choice of the correct monetary standard reference, and currency liquidity are tested; moreover, an historical analysis is run, with special reference to financial crises. Contrary to received wisdom, the results point to a trend towards increasing multipolarism in the international monetary system before 1870.
Schlagwörter: 
international monetary system
financial integration
money markets
bimetallism
JEL: 
E42
F31
N20
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-7553-580-9
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.