The existence of a self-regulating arbitrage mechanism under the gold standard has been traditionally considered as one of its main advantages, and attracted a corresponding research interest. This research is arguably relevant not only to test for the efficiency of the "gold points", but also...

This paper is a first attempt to garner the theory and evidence on the political economy of the first wave of financial liberalisation during the nineteenth and early twentieth century, and of its demise after World War I.  Not everyone gained from the process of globalisation (of trade,...

On the occasion of the hundredth issue of the Discussion Papers, this special number contains reflections on the past and future of economic and social history at Oxford and in general.  Five scholars, who have been associated with the subject at Oxford, contribute with personal reflections on...

This paper introduces a new dataset of French investments in foreign securities.  This is the most detailed data available to date.  The data is used to study the composition, valuation, and total return of the French portfolio of non-sovereign foreign securities on the 34 years before World...