The Ties that Divide : a Network Analysis of the International Monetary System, 1890-1910 - Sciences Po Access content directly
Journal Articles Journal of Economic History Year : 2005

The Ties that Divide : a Network Analysis of the International Monetary System, 1890-1910

Abstract

Conventional studies of the late-nineteenth-century international monetary system refer heuristically to “core” and “peripheral” countries. In this article, we seek to provide rigorous foundations to such expressions. Applying a formal procedure borrowed from network analysis produces indices of centrality and systematic rankings. We show that the international monetary system of the late nineteenth century is best described as a three-tier system. Other findings include the discovery of a closely knitted European foreign exchange system, a complete lack of foreign exchange linkages within Latin America, emerging intra-Asian relations, and a fairly late ascendancy of the U.S. dollar.

Dates and versions

hal-03416103 , version 1 (05-11-2021)

Identifiers

Cite

Marc Flandreau, Clemens Jobst. The Ties that Divide : a Network Analysis of the International Monetary System, 1890-1910. Journal of Economic History, 2005, 65 (4), pp.977-1007. ⟨10.1017/S0022050705000379⟩. ⟨hal-03416103⟩

Collections

SCIENCESPO OFCE
13 View
0 Download

Altmetric

Share

Gmail Mastodon Facebook X LinkedIn More