Chapter

Coin Memories: New Estimates of France's Specie Stock (1840–78)

Marc Flandreau

in The Glitter of Gold

Published in print March 2004 | ISBN: 9780199257867
Published online August 2004 | e-ISBN: 9780191601279 | DOI: http://dx.doi.org/10.1093/0199257868.003.0005
 Coin Memories: New Estimates of France's Specie Stock (1840–78)

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Chapter 4 breaks new ground by providing new estimates of the French holdings of gold and silver 1840-1878. The result enables to track the effect of the Gold Rush on the French monetary system. Gold displaced silver, but only partly. A large share of the gold that France acquired between 1848 and 1865 was the counterpart of trade or financial flows, not of silver exports.

Keywords: Monetary surveys; Monetary demographics; Jevons; Royal Statistical Society; Foville's ratio; Old estimates: Denuc, Pupin, Lévy-Leboyer; Scissors pattern; Arbitrage and specie supply

Chapter.  9346 words.  Illustrated.

Subjects: Economic History

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