An 'art', not a 'science'? Central bank management in Portugal under the gold standard, 1863-871
Dados Bibliográficos
| ID | 3230581 |
|---|---|
| Autores | Jaime Reis (0000-0003-4990-2905, University of Lisbon, autor correspondente) |
| Ano | 2007 |
| Volume | 60 |
| Fascículo | 4 |
| Páginas | 712-741 |
| Data de publicação | 2007-11-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic History Review (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Editora | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0289.2006.00374.x |
| OpenAlex | W1969985697 |
| Idioma | EN |
| Citações recebidas | 11 |
| Referências citadas | 29 |
As long as Portugal was on the gold standard, the Bank of Portugal sought to help stabilize the currency at the exchange rate to which the country was committed. Because it was subject to political and other non-economic constraints, the bank carried out discount rate interventions sparingly, although in accordance with what could be termed the contemporary 'science' of central banking. Consequently, it had to intervene frequently in the currency markets, usually in covert fashion, in order to conciliate the needs of convertibility with this less than orthodox stance towards the gold standard. This article also shows how the bank was able to keep on repeatedly infringing the 'rules of the game' with success for almost 30 years, and raises the question of the sustainability of such a state of affairs
Business · Central bank · Convertibility · Currency · Economics · Exchange rate · Financial system · Gold standard (test) · Monetary economics · Monetary policy · Order (exchange) · Political science · Politics · Economic Theory and Policy · Finance · Global Financial Crisis and Policies · Historical Economic and Social Studies · Law
Central banks’ interventions in exchange rate markets during the international gold standard
An exception that proves the rule
The Impact of the First World War on the Spanish Money Market
Reputation and the Palmer Rule in the Origins of Banking in Spain
Democratic constraints and adherence to the classical gold standard
Discount rate policy under the Classical Gold Standard
Monetary policy at the periphery during the Classical Gold Standard
Did monetary policy matter? Narrative evidence from the classical gold standard
Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854–1891
International shocks and the balance sheet of the Bank of France under the classical gold standard
Taming the Global Financial Cycle
British historical statistics
Stability without a pact? Lessons from the European gold standard, 1880-1914
Jaime Reis
Development of British Monetary Orthodoxy, 1797-1875
Interdépendances financières et dilemme de politique monétaire
Dettes publiques et stabilité monétaire en Europe. Les leçons de l'étalon or
The Gold Standard as a “Good Housekeeping Seal of Approval”
Globalizing Capital
The Gold Standard As a Rule
Monetary Policy in England 1893-1914
Government Spending, Monetary Policies, and Exchange Rate Regime Switches
The Future of Central Banking
The Evolution of the International Monetary System
Bank Rate Policy Under the Interwar Gold Standard
The Bank of England, 1891-1944
The Gold Standard in Theory and History
Central Bank Cooperation in Historical Perspective
Free Banking in Britain
Monetary Policy under the International Gold Standard
| Obras citantes distintas | 11 |
|---|---|
| Citações por ano | 0,65 |
| Intervalo de citações | 2009 - 2025 (17) |
| Velocidade de citação | recent |
| Altamente citado | Não |
| Tipos de citação | Neutras: 11 |