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