G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9300
DP9300 Competing Bimetallic Ratios: Amsterdam, London and Bullion Arbitrage in the Mid-18th Century
Pilar Nogues-Marco
发表日期2013-01-20
出版年2013
语种英语
摘要This article analyzes the stability of bimetallism for countries operating in integrated bullion markets who enact different legal ratios. I articulate a new theoretical framework to demonstrate that two countries can both be bimetallic only if they coordinate their legal ratios. The theoretical framework is applied to the mid-18th century when London?s legal ratio was 3.8% higher than that of Amsterdam. I find that Amsterdam was effectively on the bimetallic standard, whereas London was on a de facto gold standard.
主题Economic History
关键词Bimetallic stability Bullion market integration Arbitrage monetary policy Specie-point mechanism Melting-minting points
URLhttps://cepr.org/publications/dp9300
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538136
推荐引用方式
GB/T 7714
Pilar Nogues-Marco. DP9300 Competing Bimetallic Ratios: Amsterdam, London and Bullion Arbitrage in the Mid-18th Century. 2013.
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