Search Results - "Flandreau, Marc"

Political foundations of the lender of last resort: A global historical narrative by Calomiris, Charles W., Flandreau, Marc, Laeven, Luc

“…This paper offers a historical perspective on the evolution of central banks as lenders of last resort (LOLR). Countries differ in the statutory powers of the…”
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Was the emergence of the international gold standard expected? Evidence from Indian Government securities by Flandreau, Marc, Oosterlinck, Kim

“…The emergence of the gold standard has for a long time been viewed as inevitable. We analyze agents' expectations using the spread between gold and silver…”
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Cyberpunk Victoria: The credibility of computers and the first digital revolution, 1848–83 by Flandreau, Marc, Legentilhomme, Geoffroy

“…British capitalism was a knowledge economy that lived on reliable numerical information. We argue that human computers and the algorithms they used played a…”
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Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe by Flandreau, Marc, Maurel, Mathilde

“…This paper studies the impact of monetary arrangements on trade integration and business cycle correlation in late 19th century Europe. We estimate a gravity…”
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The French Crime of 1873: An Essay on the Emergence of the International Gold Standard, 1870–1880 by Flandreau, Marc

“…This article attempts to provide a new view of how the bimetallic standard was maintained before 1873 and how it came to change into a monometallic gold…”
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Sovereign states, bondholders committees, and the London Stock Exchange in the nineteenth century (1827—68): new facts and old fictions by Flandreau, Marc

“…This paper unpacks the role of foreign bondholders committees in influencing market access following a default during the era before the creation of the…”
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“High & Dry”: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880–1910) by Chavaz, Matthieu, Flandreau, Marc

“…We gather a new database to conduct the first historically informed study of the importance of liquidity and credit for government bonds between 1880 and 1910…”
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"Water Seeks a Level": Modeling Bimetallic Exchange Rates and the Bimetallic Band by Flandreau, Marc R.

“…Arbitrage costs are usually treated as a mere footnote in formal analyses of bimetallism. At the same time, recent empirical research has demonstrated their…”
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The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914–1939 by Eichengreen, Barry, Flandreau, Marc

“…This paper provides new evidence on the rise of the dollar as an international currency, focusing on its role in the conduct of trade and the provision of…”
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Empirics of International Currencies: Network Externalities, History and Persistence by Flandreau, Marc, Jobst, Clemens

“…Using a new database for the late nineteenth century, when the pound sterling was the world's leading international currency, this article provides evidence on…”
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Bagehot for beginners: the making of lender-of-last-resort operations in the mid-nineteenth century by BIGNON, VINCENT, FLANDREAU, MARC, UGOLINI, STEFANO

“…In this article we develop new tools to survey the development of lending-of-lastresort operations in the mid-nineteenth century. One finding is that free…”
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The Price of Media Capture and the Debasement of the French Newspaper Industry During the Interwar by Bignon, Vincent, Flandreau, Marc

“…Measurement of the value of “media capture” (the control of newspapers by business or political interests) is difficult. However, if capture is valuable, it…”
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Bilateral Treaties and The Most-Favored-Nation Clause: The Myth of Trade Liberalization in the Nineteenth Century by Accominotti, Olivier, Flandreau, Marc

“…Textbook accounts of the Anglo-French trade agreement of 1860 argue that it heralded the beginning of a liberal trading order. This alleged success holds much…”
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The First Weapon of Mass Destruction by Flandreau, Marc

“…A historical background of Levy Maybaum's development of the first Credit Default Swaps (CDS) is presented. In an 1891 patent, Maybaum is named as the inventor…”
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Adjusting to the Gold Rush: Endogenous Bullion Points and the French Balance of Payments 1846–1870 by Flandreau, Marc

“…In this paper, we lay the foundations of bullion points theory in the context of exchange rate analysis between bimetallic and monometallic nations. The theory…”
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The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France Before World War I by Bignon, Vincent, Flandreau, Marc

“…This article analyzes the economics of “badmouthing” in the context of the pre-1914 French capital market. We argue that badmouthing was a means through which…”
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Bonds and Brands: Foundations of Sovereign Debt Markets, 1820–1830 by Flandreau, Marc, Flores, Juan H.

“…How does sovereign debt emerge? In the early nineteenth century, intermediaries' market power and prestige served to overcome information asymmetries. Relying…”
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Historical monetary and financial statistics for Sweden, vol. 1 - Edited by Rodney Edvinsson, Tor Jacobson, and Daniel Waldenstrom: BOOK REVIEWS by FLANDREAU, MARC

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The Peaceful Conspiracy: Bond Markets and International Relations During the Pax Britannica by Flandreau, Marc, Flores, Juan H.

“…This article provides foundations to Polanyi's famed argument that monopoly power in the global capital market served as an instrument of peace during the Pax…”
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The spread of empire: Clio and the measurement of colonial borrowing costs by ACCOMINOTTI, OLIVIER, FLANDREAU, MARC, REZZIK, RIAD

“…Modern cliometric studies use dummy variables to measure the effects of institutions. The dummy variable approach can be misleading, as illustrated by recent…”
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