Bimetallic Exchange Rates: An Exploration

Marc Flandreau

in The Glitter of Gold

Published in print March 2004 | ISBN: 9780199257867
Published online August 2004 | e-ISBN: 9780191601279 | DOI:
 Bimetallic Exchange Rates: An Exploration

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Chapter 3 provides an analysis of international arbitrage focusing on the exchange market between Paris and London. Resting on a new methodology to study exchange rate relations, this chapter shows that exchange rates between gold and bimetallic nations were heavily influenced by bullion discoveries.

Keywords: Exchange rates; Balance of payments; Gold Points; Gold Points violations; Silver Points; Gold Rush; Shocks; International shipments; Bimetallic “snake”; Exchange rate stability

Chapter.  13031 words.  Illustrated.

Subjects: Economic History

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