DP7169 Monetary Geography Before the Industrial Revolution
|Author(s):||Marc Flandreau, Christophe Galimard, Clemens Jobst, Pilar NOGUES-MARCO|
|Publication Date:||February 2009|
|Keyword(s):||history, international currency, international monetary system, network analysis|
|Programme Areas:||International Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=7169|
In this article, we study Europe's monetary geography on the eve of the Industrial Revolution. Our unit of analysis is the city and we explore inter-city linkages. Important findings include a considerable degree of integration and multilateralism with monetary centers having already emerged as vehicles for international settlements, before the Industrial Revolution.