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Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of … England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard …
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I measure the parameters of coin wear using data collected in the 19th century. A comparison across denominations and countries shows that coin wear (in relative terms) is linear in the logarithm of coin value. Data from coin hoards of the 18th and early 19th centuries yield similar estimates of...
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