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The Glitter of Gold
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The Glitter of Gold: France Bimetallism and the Emergence of the International Gold Standard 1848-1873

Marc Flandreau


The Glitter of Gold studies the so far unexplored operation of the international monetary system that prevailed before the emergence of the international gold standard in 1873. Conventional wisdom has it that the emergence of gold as a global anchor was both an inescapable and a desirable evolution, given the exchange rate stability it provided and Britain's predominance. The book draws on a wealth of archival and new statistical evidence to demonstrate that global exchange rate stability always prevailed before the making of the gold standard. This was despite the heterogeneity among nationa ... More

Keywords: Bimetallism, Gold Standard, Silver Standard, Gold Rush, Arbitrage, Rothschilds, Bank of France, Bank of England, Bullion, Gold points

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780199257867
Published to Oxford Scholarship Online: August 2004 DOI:10.1093/0199257868.001.0001


Affiliations are at time of print publication.

Marc Flandreau, author
Professor of Economics Institut d'Etudes Politiques Paris

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