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This paper explores the main channels of international transmission of economic disturbances under the Bretton Woods System and presents evidence on the short-run international transmission of inflation under that system. There appears to have been little short-run international transmission of...
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bimetallism, id est, a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between … France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked … accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France …
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