The Demise of Central Banking and the Domestic Exchanges
Evidence from Antebellum Ohio
Bibliographic Data
| ID | 10100699 |
|---|---|
| Authors | Jane Knodell (0000-0001-9140-6484, University of Vermont, corresponding author) |
| Year | 1998 |
| Volume | 58 |
| Issue | 3 |
| Pages | 714-730 |
| Publication date | 1998-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700021136 |
| OpenAlex | W1974163454 |
| Language | EN |
| Citations received | 3 |
| References cited | 25 |
This article describes the institutional transition from a centrally managed interregional payments system to an unmanaged, decentralized one after President Andrew Jackson's veto of the rechartering of the Second Bank of the United States, and evaluates the effect on the level and variability of exchange rates. Comparison of the reduction in specie points, driven by falling transportation and insurance costs, with the reduction in exchange rates in two Ohio cities over the period from 1830 to 1859 lends support to the article's conclusion that decentralization was one cause of higher and more volatile inland exchange rates
Business · Central bank · Decentralization · Demise · Economic history · Economics · Economy · Falling (accident · International economics · Market economy · Monetary economics · Monetary policy · Payment · Political science · Politics · Veto · Finance · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Historical Economic and Social Studies · Law
Railroads and American economic growth
American Railroads and the Transformation of the Ante-Bellum Economy
Urban Growth and the Circulation of Information
The reinterpretation of American economic history.
Comment on Paper by Sylla
A History of Banking and Currency in Ohio Before the Civil War
Nature's Metropolis
Bimetallism in the United States before 1850
A Note on the Economic Consequences of the Second Bank of the United States
Forgotten Men of Money
Railroads and American Economic Growth
Sources of Monetary Disturbances in the United States, 1834–1845
The reinterpretation of American Economic History
Ohio and Mississippi River transportation 1810–1860
Capital Mobility and Financial Integration in Antebellum America
Ocean Freight Rates and Economic Development 1730-1913
Ohio Canal Era
A Dollar-sterling Exchange, 1803-1895
Banks and Politics in America from the Revolution to the Civil War
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,11 |
| Citation span | 1998 - 2013 (16) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |