Chadha, Jagjit S.; Newby, Elisa - Suomen Pankki - 2013
This paper assesses Revolutionary and Napoleonic wartime economic policy. Suspension of gold convertibility in 1797 … ongoing solvency of the Bank of England was facilitated by suspension and allowed the Bank to continue to make substantial … combined to create a suspension of convertibility that did not undermine the currency. By contrast, the Assignats debacle had …