WorldCat Identities

Flandreau, Marc

Works: 153 works in 563 publications in 3 languages and 6,735 library holdings
Genres: History  Conference papers and proceedings 
Roles: Author, Editor, Creator, Thesis advisor, Other, 958, Interviewee, Contributor
Publication Timeline
Most widely held works by Marc Flandreau
The Gold standard in theory and history by Barry J Eichengreen( )

25 editions published between 1985 and 1997 in English and held by 1,592 WorldCat member libraries worldwide

Annotation Since the successful first edition of The Gold Standard in Theory and Historywas published in 1985, much new research has been completed. This updated version contains five new essays including:* post 1990 literature on exchange rate target zones* a discussion of the light shed by the gold standard on the European Monetary Union debate* a new introduction by Eichengreen with Marc FlandreauThis will be an invaluable resource for students of macroeconomics, international economics and economic history at all levels
International financial history in the twentieth century : system and anarchy( )

23 editions published between 2003 and 2010 in English and held by 1,563 WorldCat member libraries worldwide

The essays in this book, written by some of the leading experts in the field and covering over a hundred years of economic history, examine the history of the international financial system in terms of the current debate about globalization and its limits
Money doctors : the experience of international financial advising, 1850-2000 by Marc Flandreau( )

17 editions published between 2003 and 2006 in English and held by 942 WorldCat member libraries worldwide

Can economics help make the world a safer financial place? Are there any trends in money doctoring? What can we learn from case studies? How is consensus about appropriate policies built? These are the main questions that this book seeks to answer. Money Doctors brings together internationally respected specialists from economics, history and political science such as Harold James, Louis Pauly and Kenneth Mour?. First providing a short history of money doctors, the book then goes on to cover such themes as: the IMF and policy advice the Russian experience contemporary money doctors. The book shows that there is still a long way to go before international financial advice develops into something that is truly helpful in the long term. Marc Flandreau has pulled together a stimulating, comprehensive and authoritative book that will be of great interest to students and academics involved in international finance and banking. Perhaps more importantly, the lessons learned from the book will go on to help future money doctors and the recipients of their advice
The making of global finance 1880-1913 by Marc Flandreau( )

23 editions published between 2004 and 2009 in English and French and held by 551 WorldCat member libraries worldwide

"This book traces the roots of global financial integration in the first "modern" era of globalisation from 1880 to 1913. It analyses the direction, destinations and origins, of international financial flows in order to determine the domestic policy choices that either attracted or deterred such flows to developing countries." "The Making of Global Finance 1880-1913 can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development. It also includes historical data that will interest all scholars of economics and economic history, as well as the casual reader."--Jacket
The glitter of gold : France, bimetallism, and the emergence of the international gold standard, 1848-1873 by Marc Flandreau( Book )

35 editions published between 1995 and 2007 in English and French and held by 512 WorldCat member libraries worldwide

"This book studies the so far unexplored operation of the international monetary system that prevailed before the emergence of the international gold standard in 1873. Conventional wisdom has it that the emergence of gold as a global anchor was both an inescapable and a desirable evolution, given the exchange rate stability it provided and Britain's economic predominance." "This study draws on a wealth of archival sources and abundant new statistical evidence (fully detailed in the appendices) to demonstrate that global exchange rate stability always prevailed before the making of the gold standard. This was despite the heterogeneity among national monetary regimes based on gold, silver, or both."--BOOK JACKET
Anthropologists in the stock exchange : a financial history of Victorian science by Marc Flandreau( Book )

10 editions published between 2012 and 2017 in English and Italian and held by 286 WorldCat member libraries worldwide

Uncovering strange plots by early British anthropologists to use scientific status to manipulate the stock market, Anthropologists in the Stock Exchange tells a provocative story that marries the birth of the social sciences with the exploits of global finance. Marc Flandreau tracks a group of Victorian gentleman-swindlers as they shuffled between the corridors of the London Stock Exchange and the meeting rooms of learned society, showing that anthropological studies were integral to investment and speculation in foreign government debt, and, inversely, that finance played a crucial role in shaping the contours of human knowledge. Flandreau argues that finance and science were at the heart of a new brand of imperialism born during Benjamin Disraeli's first term as Britain's prime minister in the 1860s. As anthropologists advocated the study of Miskito Indians or stated their views on a Jamaican rebellion, they were in fact catering to the impulses of the stock exchange--for their own benefit. In this way the very development of the field of anthropology was deeply tied to issues relevant to the financial market--from trust to corruption. Moreover, this book shows how the interplay between anthropology and finance formed the foundational structures of late nineteenth-century British imperialism and helped produce essential technologies of globalization as we know it today. --Google books
Les origines de la mondialisation financière 1880-1913 by Marc Flandreau( )

15 editions published in 2004 in French and English and held by 176 WorldCat member libraries worldwide

Cet ouvrage retrace la genèse de l'intégration financière internationale au cours de la première ère "moderne" de mondialisation, de 1880 à 1913
Core, periphery, exchanges rate regimes and globalization by Michael D Bordo( Book )

21 editions published in 2001 in English and held by 129 WorldCat member libraries worldwide

In this paper we focus on the different historical regime experiences of the core and the periphery. Before 1914 advanced countries adhered to gold while periphery countries either emulated the advanced countries or floated. Some peripheral countries were especially vulnerable to financial crises and debt default in large part because of their extensive external debt obligations denominated in core country currencies. This left them with the difficult choice of floating but restricting external borrowing or devoting considerable resources to maintaining an extra hard peg. Today while advanced countries can successfully float, emergers who are less financially mature and must borrow abroad in terms of advanced country currencies, are afraid to float for the same reason as their nineteenth century forbearers. To obtain access to foreign capital they may need a hard peg to the core country currencies. Thus the key distinction between core and periphery countries both then and now that we emphasize in this paper is financial maturity, evidenced in the ability to issue international securities denominated in domestic currency. Evidence in Section 2 from Feldstein-Horioka tests 1880-1997 agrees with the 'Folk' wisdom that financial integration was as high before 1914 as it is today. But the evidence suggests that it was not the exchange rate regime followed that mattered but the presence of capital controls. Moreover the financial integration observed for the recent period is largely an advanced country phenomenon Section 3 lays out the financial maturity hypothesis, presents narrative evidence for the pre-1914 period of the different experiences of the core and peripheral countries in adhering to the gold standard, and documents that for the emerging countries, plus ca change. Finally, Section 4 presents empirical evidence for core and peripheral countries 1880-1913 and today based on traditional money demand regressions suggesting a strong link between financial depth and the exchange rate regime
The end of gatekeeping : underwriters and the quality of sovereign bond markets, 1815-2007 by Marc Flandreau( )

18 editions published in 2009 in English and held by 80 WorldCat member libraries worldwide

We provide a comparison of salient organizational features of primary markets for foreign government debt over the very long run. We focus on output, quality control, information provision, competition, pricing, charging, and signaling. We find that the market setup experienced a radical transformation in the recent period, and we interpret this as resulting from the rise of liability insurance provided by rating agencies. Underwriters have given up their former role as gatekeepers of liquidity and certification agencies to become aggressive competitors in a new Speculative Grade market
Central banks at a crossroads : what can we learn from history? by Michael D Bordo( Book )

8 editions published in 2016 in English and held by 77 WorldCat member libraries worldwide

BIOGRAPHY: HISTORICAL, POLITICAL & MILITARY. Yolande Duvernay, the star of this tale, was born in poverty in Paris in 1812. Under the control of her stage mother, she became a celebrated ballerina - a star of the Paris Opera - becoming the favourite dancer of Princess Victoria. She was praised for her grace, her beauty and her provocative style on stage, known as the 'fair brimstone' by William Makepeace Thackeray. There was a darker side to her success, however, as she became the mistress of powerful men, eventually being sold by her mother to Stephens Lyne Stephens, son and heir of the richest commoner in England, for almost a million pounds in today's values. A few years later, Yolande caused a huge scandal when she manipulated Stephens into marriage. When Stephens died in 1860, he left his widow a life interest in the entire Lyne Stephens fortune - one of the largest fortunes in England
The rise and fall of the dollar, or when did the dollar replace sterling as the leading international currency? by Barry J Eichengreen( )

10 editions published in 2008 in English and held by 69 WorldCat member libraries worldwide

We present new evidence on the currency composition of foreign exchange reserves in the 1920s and 1930s. Contrary to the presumption that the pound sterling continued to dominate the U.S. dollar in central bank reserves until after World War II, we show that the dollar first overtook sterling in the mid-1920s. This suggests that the network effects thought to lend inertia to international currency status and to create incumbency advantages for the dominant international currency do not apply in the reserve currency domain. Our new evidence is similarly incompatible with the notion that there is only room in the market for one dominant reserve currency at a point in time. Our findings have important implications for our understanding of interwar monetary history but also for the prospects of the dollar and the euro as reserve currencies
Stability without a pact? : lessons from the European gold standard 1880-1914 by Marc Flandreau( Book )

12 editions published in 1998 in English and held by 39 WorldCat member libraries worldwide

The geography of the gold standard by Barry J Eichengreen( Book )

10 editions published in 1994 in English and held by 36 WorldCat member libraries worldwide

In this paper we chart the geography of the gold standard. We highlight the late date of the move to gold and the variety of transition strategies. Whether a country with a currency convertible into specie operated a gold, silver or bimetallic standard at mid-century depended not so much on whether it was rich or poor as on the monetary standard of the foreign country or countries to which its transactions were linked. When it came to the distinction between specie convertibility and inconvertibility, however, domestic economic conditions came into play. In particular, there was a strong correlation between economic development, as proxied by the level of per capita incomes, and possession of a convertible currency.Most countries went onto the gold standard between the 1870s and the first decade of the twentieth century. We enumerate the factors propelling this transition and analyse variations in its timing. Factors shaping the course of this transition include the level of economic development, the magnitude of reserves relative to world specie markets, whether reserves were concentrated at the central bank, and the presence or absence of imperial ties
To err is human : rating agencies and the interwar foreign government debt crisis by Marc Flandreau( Book )

11 editions published in 2010 in English and held by 28 WorldCat member libraries worldwide

"During the 1930s, rating agencies took up a central role in regulatory supervision that they still have today. The proximate cause for this changeover was the economic shock of the Great Depression. Exploring the performance of rating agencies in assessing the risks of sovereign debt, an important segment of the bond market, we do not find that superior forecasting capacities can explain the agencies' growing importance."--Abstract
The burden of intervention : externalities in multilateral exchange rates arrangements by Marc Flandreau( Book )

8 editions published between 1995 and 1996 in English and held by 27 WorldCat member libraries worldwide

An essay on the emergence of the international gold standard, 1870-80 by Marc Flandreau( Book )

6 editions published in 1995 in English and held by 26 WorldCat member libraries worldwide

How to run a target zone? : age old lessons from an Austro-Hungarian experiment by Marc Flandreau( Book )

5 editions published in 2001 in English and held by 25 WorldCat member libraries worldwide

This paper considers what we argue was the first experiment of a exchange rate band. This experiment took place in Austria-Hungary between 1896 and 1914. The rationale of introducing this policy rested on precisely those intuitions that modern target zone literature has recently emphasized: the band was designed to secure both exchange rate stability and monetary policy autonomy. However, unlike more recent experiences, such as the ERM, this policy was not undermined by credibility problems. In other words the episode provides us with an ideal testing ground for some important ideas in modern macroeconomics: specifically, can formal rules, when faithfully adhered to, provide policy makers with some advantages such as short term flexibility? First, we find that a credible band has a "microeconomic" influence on exchange rate stability. By reducing uncertainty, a credible fluctuation band improves the quality of expectations, a channel that has
Cavaet [i.e. caveat] emptor : coping with sovereign risk without the multilaterals by Marc Flandreau( Book )

7 editions published in 1998 in English and held by 24 WorldCat member libraries worldwide

Crises and punishment : moral hazard and the pre-1914 international financial architecture by Marc Flandreau( Book )

8 editions published in 2003 in English and held by 23 WorldCat member libraries worldwide

The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39 by Barry J Eichengreen( Book )

8 editions published in 2010 in English and held by 22 WorldCat member libraries worldwide

This paper provides new evidence on the rise of the dollar as an international currency, focusing on its role in the conduct of trade and the provision of trade credit. We show that the shift to the dollar occurred much earlier than conventionally supposed: during and immediately after World War I. Not just market forces but also policy support - the Fed in its role as market maker - was important for the dollar's overtaking of sterling as the leading international currency
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The Gold standard in theory and history
International financial history in the twentieth century : system and anarchyMoney doctors : the experience of international financial advising, 1850-2000The making of global finance 1880-1913The glitter of gold : France, bimetallism, and the emergence of the international gold standard, 1848-1873
Alternative Names
Flandreau, M. 1967-

English (255)

French (24)

Italian (1)