How Long to Read The Glitter of Gold

How Long Does it Take to Read The Glitter of Gold?

It takes the average reader 5 hours and 49 minutes to read The Glitter of Gold by Marc Flandreau

Assuming a reading speed of 250 words per minute. Learn more

Description

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 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 appendix) 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.The reason for the stability before the establishment of the gold standard is France's bimetallic system. France, by being in a position to trade gold for silver, and vice versa, effectively pegged the exchange rate between gold and silver at its legal ratio of 15.5. Part I of the book studies exactly how this mechanism worked. Part II focuses on the respective behaviour of private concerns and arbitrageurs on the one hand, and authorities such as the Bank of France on the other hand, in orderto underline the constraints and opportunities that were associated with bimetallism as an international regime. Finally, Part III provides a new view on the collapse of bimetallism and its replacement by a gold standard. It is argued that bimetallism might well have survived, and that the emergenceof the gold standard was by no means inescapable. Rather, it resulted from a massive coordination failure at both national and international levels - a failure that was a preview of the interwar collapse of the gold standard.

How long is The Glitter of Gold?

The Glitter of Gold by Marc Flandreau is 344 pages long, and a total of 87,376 words.

This makes it 116% the length of the average book. It also has 107% more words than the average book.

How Long Does it Take to Read The Glitter of Gold Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 57 minutes to read The Glitter of Gold aloud.

What Reading Level is The Glitter of Gold?

The Glitter of Gold is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Glitter of Gold?

The Glitter of Gold by Marc Flandreau is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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