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'Midas, transmuting all, into paper' : the Bank of England and the Banque de France during the Napoleonic wars

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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/10009787425