Britain's single currency debate of the late 1860s

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Britain's single currency debate of the late 1860s

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Title: Britain's single currency debate of the late 1860s
Author: Maloney, John
Citation: European Journal of the History of Economic Thought, Dec 2006, Vol. 13 Issue 4, p 513-531
Publisher: Routledge
Journal: European Journal of the History of Economic Thought
Date Issued: 2006-12
URI: http://hdl.handle.net/10036/48757
DOI: 10.1080/09672560601025811
Links: http://business-school.exeter.ac.uk/economics/papers/
Abstract: Though a Royal Commission had rejected Britain joining the Latin Monetary Union, Robert Lowe, the Chancellor of the Exchequer, said he would recommend membership provided three conditions were satisfied. As these included a general adherence to the gold standard, nothing further came of it. But meanwhile there had been a complex public discussion of the subject, and the related topic of shrinking the pound coin so it weighed the same as the 25-franc piece. The debate shed much light on the contemporary state of value and monetary theory, and those who supported the changes had the best of it.
Type: ArticleWorking Paper
Description: Author's draft issued as a discussion paper in 2005. “This is an Author's Original Manuscript of an article submitted for consideration in the European Journal of the History of Economic Thought [copyright Taylor & Francis]; European Journal of the History of Economic Thought is available online at http://www.tandfonline.com/ 10.1080/09672560601025811."
Keywords: single currencyLatin Monetary UnionEnglandLowe, Robert
ISSN: 0967256714695936


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