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List of figures=vii

List of tables=ix

List of contributors=xi

INTRODUCTION/Maria Cristina Marcuzzo;Lawrence H. Officer;Annalisa Roselli=1

Part I. Monetary systems=13

1. EXCHANGE-RATE SYSTEMS AND ECONOMIC GROWTH/Robert A. Mundell=13

2. TOWARD AN INTERNATIONAL COMMODITY STANDARD?/Richard N. Cooper=39

3. THE GOLD STANDARD/Marcello de Cecco=62

Part II. Metallic standards=81

4. METALLIC STANDARDS AND REAL EXCHANGE RATES/Maria Cristina Marcuzzo;Annalisa Rosselli=81

5. "BIMETALLIC SNAKE" AND MONETARY REGIMES: THE STABILITY OF THE EXCHANGE RATE BETWEEN LONDON AND PARIS FROM 1796 TO 1873/Marie-Theacuteregravese Boyer-Xambeu;Ghislain Deleplace;Lucien Gillard=106

6. AS GOOD AS GOLD? BIMETALLISM IN EQUILIBRIUM, 1850-70/Marc Flandreau=150

7. THE ANCIEN REGIME AND THE CLASSICS: MULTIMETALLISM, TABULAR STANDARDS AND THE CLASSICAL THEORY OF MONEY/Massimo V. Rostagno=177

Part III. Exchange-rate behavior under the gold standard=211

8. INTEGRATION IN THE AMERICAN FOREIGN-EXCHANGE MARKET, 1791-1931/Lawrence H. Officer=211

9. ITALY, THE FISCAL-DOMINANCE MODEL, AND THE GOLD-STANDARD AGE/Giuseppe Tattara;Mario Volpe=229

10. TERMS-OF-TRADE VARIABILITY AND ADHERENCE TO THE GOLD STANDARD: THE CASES OF PORTUGAL AND SPAIN/Agustin Llona Rodriguez=264

Index=296

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In this volume an international team of distinguished monetary historians examine the historical experience of exchange rate behaviour under different monetary regimes. The main focus is on metallic standards and fixed exchange rates, such as the gold standard. With its combination of thematic overviews and case studies of the key countries and periods, the book greatly enhances our understanding of past monetary systems.

In this volume an international team of distinguished monetary historians examine the historical experience of exchange rate behaviour under different monetary regimes.

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