Destabilizing the Global Monetary System: Germany's Adoption of the Gold Standard in the Early 1870s »
Series: IMF Working Papers
Author(s): Johannes Wiegand
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 February 2019
Keywords: Currency reform, Fixed exchange rates, Exchange rate regimes, Currency question, Gold, Bimetallism;Gold Standard;France;Germany;Flandreau;specie;silver specie;gold currency
In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries t...