Table of contents for The glitter of gold : France, bimetallism, and the emergence of the international gold standard, 1848-1873 / Marc Flandreau ; translated by Owen Leeming ; revised and enlarged by the author.


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List of Figures                                                                   xviii
List of Tables                                                                      xx
List of Illustrations                                                               xxi
List of Maps                                                                       xxii
List of Boxes                                                                     xxiii
Introduction
King Bullion: the international monetary regime, 1848-73                             1
1. Bullion and international monetary relations before 1873                       2
2. A bimetallicpuzzle                                                             6
3. Methods and controversies                                                      9
Part I. The Logic of Arbitrage
1. Bimetallism in Theory                                                            15
  1. Is Bimetallism Possible?                                                      16
  2. A general equilibrium model                                                   19
  3. Locating bimetallic equilibria: Walras's conjecture                           21
  4. Coordination                                                                  23
  5. A simple application                                                          24
  6. Conclusion                                                                    27
2. Gold-Silver Points: Domestic Arbitrages and the Bimetallic System                28
  1. Questions ofmethod: A test in the spirit ofO. Morgenstern                     29
  2. The geography of arbitrage                                                    34
  3. Gold-silverpoints and the commercial ratio: a test                            39
3. Bimetallic Exchange Rates: An Exploration                                        47
  1. Bimetallism and the balance ofpayments: The case of a large open economy      49
  2. The problem ofbimetallic parities                                             52
  3. 'Bullion points' and arbitrated pars of exchange                              57
  4. Constructing the bullion points                                               61
  5. The bimetallic 'snake'                                                        68
  6. 1850:A case study                                                             70
  7. Conclusion                                                                    73




4. Coin Memories: New Estimates of France's Specie Stock (1840-78)'              75
  1. Estimating France's specie stock:from art to science                        76
  2. Foville's method                                                            77
  3. Other methods, other problems                                               81
  4. Currency demographics: age and generation                                   84
  5. The model                                                                   88
  6. New estimates of French metallic currency, 1840-78                          90
  7. Conclusion                                                                  95
Part II. Policy and Profit: The Microeconomics of Bimetallism
5. The Rules of the Bimetallic Game                                              99
  1. Rules of the game, 1: The Banque de France's rational payment policy       103
  2. Rules of the game, 2: Reserves management and the double standard          110
  3. Rules of the game, 3: Specie purchases, monetary policy, and bimetallism   113 
  4. Conclusion: The Banque, the bankers, and the double standard               124
6. Scale and Scope: Coinage, Arbitrage, and Bimetallism                         128
  1. Scale, scope, and arbitrage                                                131
  2. The global arbitrage system: organization and operation                    141
  3. Conclusion                                                                 149
Part III. Macroeconomics: Bimetallism's Success and Failure
7. How did International Bimetallism Work? A Monetary Theory                    157
  1. Hanging controversies                                                      159
  2. Some analytics                                                             163
  3. Monetary theory of international bimetallism                               167
  4. The balance sheet of bimetallism                                           171
  5. Conclusion                                                                 173
8. The French Crime of 1873: An Essay in Interpretation                         175
  1. The end of bimetallism: One body andfour suspects                          177
  2. A new view of the emergence of the international Gold Standard:
     The strategical theory reconsidered                                        193
  3. Conclusion                                                                 208
Concusion
The Glitter and the Shine                                                       211
AppendixA                                                                        217
Appendix B                                                                       220
Appendix C                                                                       222




Appendix D                                                               228
Appendix E                                                               230
Appendix F                                                               232
Appendix G                                                               233
Appendix H                                                               235
Appendix I                                                               238
Statistical Annexes                                                      240
Periodicals                                                              286
Sources and References                                                   287
References                                                               292
Index                                                                    312





Library of Congress Subject Headings for this publication: Bimetallism History 19th century, Bimetallism France History 19th century, International finance History 19th century, International liquidity History 19th century, Currency convertibility History 19th century, Gold standard History 19th century, Monetary policy France History 19th century