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This paper examines the introduction of the gold-based Mark currency in Germany in the 1870s in the context of debates about international monetary reform, and the introduction of national moneys, as well as in the context of national political and economic integration in Germany. It looks at...
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Why did monetary authorities hold large gold reserves under Bretton Woods (1944-1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves,...
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