Money and Politics

European Monetary Unification and the International Gold Standard (1865-1873)
Erscheinungsjahr 2001
ISBN: 978-0-19-924366-2
Verlag: Oxford University Press

Buch, Englisch, 254 Seiten, Print PDF, Format (B × H): 162 mm x 244 mm, Gewicht: 512 g

Money and Politics reconstructs for the first time the full history of the creation of the Latin Monetary Union (LMU), a long forgotten precedent of the Euro. It focuses in particular on the attempted transformation of the LMU into a European Monetary Union between 1865 and 1873. The use of extensive diplomatic and banking archives in France, Britain, Italy, and Germany has enabled the author to reconstruct in detail the intellectual debate concerning the gold standard and bimetallism, as well as the surrounding political and diplomatic manoeuvres, which in many ways anticipated the conflicts of today's monetary unification.

Einaudi's findings show that the project of a common currency was well received in central and southern Europe, but worked against the emergence of a united Germany, and was blocked by the Franco--Prussian war. In Britain, Disraeli declined to join the Latin Monetary Union, but in 1869, the new Liberal Chancellor of the Exchequer saw the advantages offered by a scheme which appeared to be enjoying success on the Continent, and attempted to join the monetary union, thereby alienating and securing the opposition of both the City and Gladstone.

This book is written in an accessible and multidisciplinary fashion, and will appeal to economists, historians, and political scientists with an interest in the formation and readjustment of government policies. It also paints a fascinating picture for policy makers and all those concerned with current debates surrounding EMU and the British position.

Autoren/Hrsg.

Einaudi, Luca

Fachgebiete

• Geisteswissenschaften Philosophie Sozialphilosophie, Politische Philosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Theorie, Politische Philosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik

Inhaltsverzeichnis

- 1: The Political and Monetary Situation in Europe in 1865

- 2: The Formation of the Latin Monetary Union and the International Monetary Conference of 1867

- bubble01

- 3: Economics of Monetary Unification

- 4: Managing a Difficult Union: France and the LMU

- 5: Enthusiasm and Resistance to Union in Britain and Germany

- Epilogue

- Postscript

Über Autor(innen)

Luca Einaudi is Senior Economist, Prime Minister's Office, Rome and Research Associate, Centre for History and Economics, Cambridge University