Type
Article
Titre
The Ties that Divide : a Network Analysis of the International Monetary System, 1890-1910
Éditeur
GB : Cambridge University Press
Volume
65
Numéro
4
Pages
977 - 1007 p.
Notes
© The Economic History Association. Published by Cambridge University Press.
ISSN
00220507
Résumé
EN
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.
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