Publicação
Danger to the Old Lady of Threadneedle Street? The Bank Restriction Act and the regime shift to paper money, 1797–1821
| dc.contributor.author | Palma, Nuno | |
| dc.contributor.author | O'Brien, Patrick K | |
| dc.date.accessioned | 2020-07-20T14:54:55Z | |
| dc.date.available | 2020-07-20T14:54:55Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | The Bank Restriction Act of 1797 suspended the convertibility of the Bank of England's notes into gold. The current historical consensus is that the suspension was a result of the state's need to finance the war, France’s remonetization, a loss of confidence in the English country banks, and a run on the Bank of England’s reserves following a landing of French troops in Wales. We argue that while these factors help us understand the timing of the Restriction period, they cannot explain its success. We deploy new long-term data which leads us to a complementary explanation: the policy succeeded thanks to the reputation of the Bank of England, achieved through a century of prudential collaboration between the Bank and the Treasury | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | O'brien, P.K., Palma, N. (2020). Danger to the Old Lady of Threadneedle Street? The Bank Restriction Act and the regime shift to paper money, 1797-1821. European Review of Economic History, 24(2), 390-426. DOI 10.1093/ereh/hez008 | pt_PT |
| dc.identifier.doi | 10.1093/ereh/hez008 | pt_PT |
| dc.identifier.issn | 1361-4916 | |
| dc.identifier.uri | http://hdl.handle.net/10451/44042 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.subject | Bank of England | pt_PT |
| dc.subject | Financial revolution | pt_PT |
| dc.subject | Fiat money | pt_PT |
| dc.title | Danger to the Old Lady of Threadneedle Street? The Bank Restriction Act and the regime shift to paper money, 1797–1821 | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 426 | pt_PT |
| oaire.citation.issue | 2 | pt_PT |
| oaire.citation.startPage | 390 | pt_PT |
| oaire.citation.title | European Review of Economic History | pt_PT |
| oaire.citation.volume | 24 | pt_PT |
| person.familyName | Palma | |
| person.givenName | Nuno | |
| person.identifier.ciencia-id | 4C10-FDA4-6647 | |
| person.identifier.orcid | 0000-0003-4614-6518 | |
| person.identifier.scopus-author-id | 24173809500 | |
| rcaap.rights | restrictedAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | ac91e52e-c54e-49d7-b5be-f08fb8a69534 | |
| relation.isAuthorOfPublication.latestForDiscovery | ac91e52e-c54e-49d7-b5be-f08fb8a69534 |