Dollar-Sterling Mint Parity and Exchange Rates, 1791–1834
提供了1791–1834年美元-英镑汇率的两个序列，基于实际交易并校正了汇票利息和浮动汇率时期，结合1835–1900年数据考察整个19世纪黄金输送点的稳定性，发现早期并未持续收窄，但1820年代外汇市场趋于一体化。
Two series of the dollar-sterling exchange rate are presented for the 1791–1834 period, both series based on actual transactions and corrected for the component of interest in bills of exchange and for episodes of floating exchange rates. Expressed as deviations from a true parity measure and conjoined with existing data for 1835–1900, the series permit an examination of the stability of the gold points over the entire nineteenth century. The steady narrowing of metallic points, previously found for 1835–1900 and confirmed here, does not apply to the earlier period; but evidence suggests that movement to an integrated market in foreign exchange developed in the 1820s.