Based on historical evidence found in Juglar and Bonnet that over the Bimetallic period French and British central banks did co-operate when using their discount rates as policy instruments for currency stabilization, we test whether Bimetallism was a regulated system or not. Our revised story...

It is a commonly accepted view that the parity theory of forward exchange based on the law of one price was first formulated by Keynes. In this article we assess the preliminary shapes of the interest parity (IP) relation. After reviewing the early beginnings of the IP relation, we investigate...

We apply the outlier methodology to the issue of the regulation of Bimetallism. Did French and British central banks use their discount rates as a policy tool for currency stabilization over the period 1850-1870? The common view identifies Bimetallism as a pure automatic system constrained by...

In this chapter I discuss historical estimates of GDP at both the national and the regional level, and their application for assessing economic performance in modern times. Having been invented in (and conceived for) industrial capitalist societies, GDP has stronger informative power in those...