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Maria Theresa's Thaler: A Case of International Money

Author

Listed:
  • Adrian E. Tschoegl

    (The Wharton School of the University of Pennsylvania)

Abstract

Despite its significance in monetary history, the Maria Theresa thaler (or taler) is little known outside numismatic circles. The paper describes this coin’s history, which the paper argues is the reverse to the obverse of the rise of national monies. The coin circulated in Africa, the Levant and Arabia as a full-bodied commodity money until governments one-by-one succeeded in creating acceptable national fiat currencies.

Suggested Citation

  • Adrian E. Tschoegl, 2001. "Maria Theresa's Thaler: A Case of International Money," Eastern Economic Journal, Eastern Economic Association, vol. 27(4), pages 443-462, Fall.
    • Handle: RePEc:eej:eeconj:v:27:y:2001:i:4:p:443-462
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/eeconj/Volume27/V27N4P443_462.pdf
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    Citations

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    Cited by:

    1. Arnaldo Mauri, 2010. "The Short Life of the Bank of Ethiopia," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 4(4), pages 104-116, December.
    2. Arnaldo MAURI, 2010. "Monetary developments and decolonization in Ethiopia," Departmental Working Papers 2010-15, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Ali Coskun Tunçer, 2013. "The Black Swan of the Golden Periphery: The Ottoman Empire during the Classical Gold Standard Era," Working Papers 8, Department of Economic and Social History at the University of Cambridge.
    4. Arnaldo Mauri, 2010. "Monetary Developments and Decolonization in Ethiopia (1941-1952)," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 5-16, March.
    5. Arnaldo MAURI, 2011. "A nationalization of a bank of issue carried out in a soft way: the case of the establishment of the Bank of Ethiopia," Departmental Working Papers 2011-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    6. Arnaldo MAURI, 2003. "Eritrea's early stages in monetary and banking development," Departmental Working Papers 2003-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    7. Arnaldo MAURI, 2008. "The re-establishment of the Ethiopia’s monetary and banking systems," Departmental Working Papers 2008-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

    More about this item

    Keywords

    Money;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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