Abstract
Abstract The paper summarizes my dissertation, submitted to the Geneva Graduate Institute. I constructed a novel database of the currency composition of European foreign exchange reserves during the Bretton Woods period, from central banks’ archives. The first paper studies the determinants of the composition of the foreign exchange portfolios. The second paper compares the British pound’s international role in Europe and the sterling area. I argue that its persistence as a reserve currency was due to threats and economic sanctions. The final paper focuses on 19th Bank of France, and shows that data was used as collateral at the discount window.
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