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Central Bank Cooperation in Historical Perspective: A Sceptical View
Author(s) -
Flandreau Marc
Publication year - 1997
Publication title -
the economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.014
H-Index - 49
eISSN - 1468-0289
pISSN - 0013-0117
DOI - 10.1111/1468-0289.00076
Subject(s) - skepticism , perspective (graphical) , citation , library science , history , political science , computer science , epistemology , philosophy , artificial intelligence
It has been argued that central bank cooperation was important to the working of the gold standard before 1914. This article takes a critical view of the central bank cooperation thesis and, relying on new archival research as well as on secondary sources, offers an alternative picture of central bank relations during the nineteenth century. Central bank cooperation was exceptionally never reciprocal and always failed to institutionalize: scholars seeking to explain the stability of the gold standard will have to look in other directions