Dienstag, 04. Oktober 2022, 18:00 - 19:30 iCal

Pamfili Antipa (Banque de France):

"Charity begins at home: Why Britain resumed the gold standard after the French Wars" (co-authored with Quoc-Anh Do)

Seminarraum Geschichte 1, Hauptgebäude
Universitätsring 1, 1. Stock Stiege 10, 1010 Wien


This project is concerned with politicians' conflicts of interest in a historical setting. In particular, we seek to understand whether personal financial gain motivated British Members of Parliament when they decided in 1819 to return to the gold standard after the French Wars (1793-1815). We show the importance of politicians' personal financial motivations by analyzing the size and timing of their government debt holdings, as recorded in the archives of the Bank of England. In doing so, our analysis informs our understanding of how institutional structures generate credible commitment–in this case to stable money–and shows that allowing some amount of what we would today classify as corruption rendered the institution self-enforcing.


Maria Stella Chiaruttini


Maria Stella Chiaruttini
Institut für Wirtschafts- und Sozialgeschichte
Institut für Wirtschafts- und Sozialgeschichte