Research output: Contribution to journal › Article › peer-review
A century of monetary reform in South-East Europe : From political autonomy to the gold standard, 1815-1910. / Morys, Ingo Matthias.
In: Financial History Review, Vol. 24, No. 1, 1, 01.04.2017, p. 3-21.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - A century of monetary reform in South-East Europe
T2 - From political autonomy to the gold standard, 1815-1910
AU - Morys, Ingo Matthias
N1 - © European Association for Banking and Financial History e.V 2017. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details
PY - 2017/4/1
Y1 - 2017/4/1
N2 - We document and analyse monetary reform in Bulgaria, Greece, Serbia and Romania from 1815 (Serbian autonomy within the Ottoman Empire) to 1910, when Greece became the last country in the region to join the gold standard. We explain five key steps of monetary reform which the four countries passed in the same chronological order, and ask why national coinage and the foundation of a bank of note issue came late in the reform process. The South-East European countries tried to emulate West European prototypes, yet economic backwardness meant such institutions were often different from the onset, remained short-lived or both.
AB - We document and analyse monetary reform in Bulgaria, Greece, Serbia and Romania from 1815 (Serbian autonomy within the Ottoman Empire) to 1910, when Greece became the last country in the region to join the gold standard. We explain five key steps of monetary reform which the four countries passed in the same chronological order, and ask why national coinage and the foundation of a bank of note issue came late in the reform process. The South-East European countries tried to emulate West European prototypes, yet economic backwardness meant such institutions were often different from the onset, remained short-lived or both.
KW - gold standard, central banks, South-East Europe
U2 - 10.1017/S0968565017000051
DO - 10.1017/S0968565017000051
M3 - Article
VL - 24
SP - 3
EP - 21
JO - Financial History Review
JF - Financial History Review
SN - 0968-5650
IS - 1
M1 - 1
ER -