The French Crime of 1873: An Essay on the Emergence of the International Gold Standard, 1870–1880
重新审视了1873年前复本位制如何维持,以及1870-1880年间如何转变为金本位制,提出政治和历史因素在促成这一转变中起了关键作用,对研究国际货币体系演变的学者有参考价值。
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 standard between 1870 and 1880. The conventional view that the gold standard emerged out of the contradictions of bimetallism is not persuasive. Instead, this article claims that bimetallism might have survived and provides an alternative explanation of the emergence of the gold standard. Political and historical factors proved essential in precipitating the uncoordinated emergence of the international gold standard.