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This paper introduces the Data Collection Task Force of the South-East European Monetary History Network (SEEMHN DCTF) and its first result. Good policy making should be grounded on good data. To this end, the SEEMHN DCTF works since 2006 towards establishing a SEE macro history database of 19th...
Persistent link: https://www.econbiz.de/10011305358
This paper explores the actions of the Bank of England and the Banque de France in promoting international economic stability during the mid-nineteenth century. The evidence presented below indicates that the Bank of England acted in concert with the Bank of France, through France's reliance on...
Persistent link: https://www.econbiz.de/10013087604
This brief paper sets forth the evidence that the 1814 campaign against Napoleon was financed using techniques that had become borderline acceptable in Britain after the Suspension, but were illegal on the Continent, and that they succeeded only because the Bank of England was induced to expand...
Persistent link: https://www.econbiz.de/10012909751
This dissertation will analyse the degree to which Bank of England note issues influenced the extent of credit expansion by the British banking system during the 1819-26 business cycle. The evidence presented, both theoretical and empirical, tends to suggest that such an influence did indeed...
Persistent link: https://www.econbiz.de/10013221630
This paper studies the microfoundations of the so-called "gold device" policy by analysing a new dataset on the Bank of England's operations in the gold market at the heyday of the classical gold standard. It explains that "gold devices" must be understood in connection to the Bank's role as...
Persistent link: https://www.econbiz.de/10013081353
This paper assesses Revolutionary and Napoleonic wartime economic policy. Suspension of gold convertibility in 1797 allowed the Bank of England to nurture British monetary orthodoxy. The Order of the Privy Council suspended gold payments on Bank of England notes and afforded simultaneous...
Persistent link: https://www.econbiz.de/10013075548
This paper situates the early history of the Bank of England in the 17th century environment where the circulation of specie-based coin caused it to wear down, prompting debasement by monetary authorities (Lane and Mueller 1985). Thus, the 19th Gold Standard was only possible because of prior...
Persistent link: https://www.econbiz.de/10012899111
In the first thirty years of its operations, key functions of the privileged National Bank of the Kingdom of Serbia (1884-1914) were those of a creditor of the economy, issuer of currency and banker to the government. The National Bank’s success in the performance of its functions was mainly...
Persistent link: https://www.econbiz.de/10014080424
This paper finds that in 1824 and 1825 the Bank of England failed to understand the extent of its influence over economic activity and thus together with the Government made serious policy errors that led to the 1825 crisis. Specifically, I argue that the second post-war debt conversion caused a...
Persistent link: https://www.econbiz.de/10012909683
This paper is devoted to currency policies in Austria over the last 200 years, attempting to sketch historical developments and uncover regularities and interconnections with macroeconomic variables. During most of the 200-year period, Austrian currencies were subject to fixed exchange rates, in...
Persistent link: https://www.econbiz.de/10012981680