Cover image for Silver and gold : the political economy of International Monetary Conferences, 1867-1892
Silver and gold : the political economy of International Monetary Conferences, 1867-1892
Reti, Steven P., 1963-
Personal Author:
Publication Information:
Westport, Conn. : Greenwood Press, 1998.
Physical Description:
x, 214 pages ; 25 cm.
Reading Level:
1380 Lexile.
Format :


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HG297 .R437 1998 Adult Non-Fiction Central Closed Stacks

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For many observers of international politics, the classical gold standard is the premier example of successful international monetary cooperation. Curiously, most studies portray this 19th century system as a spontaneous development. Reti, after a thorough investigation of diplomatic records, argues that the gold standard grew out of several years of international negotiation. At the Conference of 1867, delegates for 20 states debated the monetary standard and agreed to adopt gold as soon as possible. In response to worldwide deflation from 1873 to 1896, the Conferences of 1878, 1881, and 1892 reconsidered the merits of gold, and the leading states reaffirmed their adherence to the gold standard. Reti uses theories of international regimes to explain the roles of hegemonic power, domestic politics, and causal beliefs on conference diplomacy. He asserts that the classical gold standard can best be understood as a coordination game in which negotiations informed nations about how to cooperate.

Author Notes

Steven P. Reti is a visiting research scholar at the University of California, Santa Barbara.

Table of Contents

Prefacep. ix
1. Introductionp. 1
2. The Question of Monetary Cooperationp. 9
3. Choosing Gold: The Conference of 1867p. 33
4. The Battle of the Standards Begins: The Conference of 1878p. 61
5. The Battle of the Standards Continues: The Conference of 1881p. 99
6. The Culmination of the Battle of the Standards: The Conference of 1892p. 115
7. The Politics of the International Monetary Conferencesp. 157
8. Conclusionp. 181
Appendix A Monetary Tablesp. 185
Appendix B States Attending the Monetary Conferencesp. 195
Referencesp. 197
Indexp. 211