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The Glitter of GoldFrance
and the Emergence of the International Gold Standard
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Marc Flandreau

Print publication date: 2004

Print ISBN-13: 9780199257867

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199257868.001.0001

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Coin Memories: New Estimates of France's Specie Stock (1840–78)

Coin Memories: New Estimates of France's Specie Stock (1840–78)

(p.75) 4 Coin Memories: New Estimates of France's Specie Stock (1840–78)
The Glitter of Gold

Marc Flandreau

Oxford University Press

Chapter 4 breaks new ground by providing new estimates of the French holdings of gold and silver 1840-1878. The result enables to track the effect of the Gold Rush on the French monetary system. Gold displaced silver, but only partly. A large share of the gold that France acquired between 1848 and 1865 was the counterpart of trade or financial flows, not of silver exports.

Keywords:   Monetary surveys, Monetary demographics, Jevons, Royal Statistical Society, Foville's ratio, Old estimates: Denuc, Pupin, Lévy-Leboyer, Scissors pattern, Arbitrage and specie supply

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