Centre for Quantitative History

Gold and Trade: An Empirical Simulation Approach
Webinars

Gold and Trade: An Empirical Simulation Approach

Date(s)Date(s)

September 10, 2026

TimeTime

16:00 - 17:30

16:00 (Hong Kong/Beijing/Singapore)
04:00 (New York)
|
01:00 (Los Angeles)
|
09:00 (London)
|
17:00 (Tokyo)
|
18:00 (Sydney)
Venue

May Hall, HKU Campus

Language(s)Language(s)

English

Speaker(s) / Presenter(s)

Rui Esteves

Professor of International Economics and International History
Geneva Graduate Institute

Description

Rui Esteves of Geneva Graduate Institute and his co-authors examine the rise of the classical gold standard from the 1860s to World War I through the reciprocal relationship between trade and monetary regimes. Existing gravity estimates cannot identify this relation cleanly because trade and regime choice are jointly endogenous and bilateral trade depends on wider network structure, even after standard corrections.

In this Quantitative History Webinar, Rui Esteves will show that the trade networks strongly shaped monetary choices: countries tended to adopt the regimes of their main trading partners, using a dynamic social network model. By contrast, the evidence provides little support for the classic gravity-model claim that shared regimes substantially increased trade.

Rui Esteves’ co-authors: Youssef Ghallada (London School of Economics and Political Science) and Florian Ploeckl (The University of Adelaide)

Event Poster

About the Quantitative History Webinar Series

The Quantitative History (QH) Webinar Series aims to provide researchers, teachers, and students with an online intellectual platform to keep up to date with the latest research in the field, promoting the dissemination of research findings and interdisciplinary use of quantitative methods in historical research. The QH Webinar Series is co-organised by the Centre for Quantitative History at the HKU Business School and the International Society for Quantitative History in partnership with the Hong Kong Institute for the Humanities and Social Sciences. The Series is now substantially supported by the Areas of Excellence (AoE) Scheme from the Research Grants Council of the Hong Kong Special Administrative Region, China (Project No. [AoE/B-704/22-R]).

量化歷史網上講座系列由香港大學陳志武和馬馳騁教授聯合發起,旨在介紹前沿量化歷史研究成果、促進同仁交流,推廣量化方法在歷史研究中的應用。本系列講座由香港大學經管學院量化歷史研究中心和國際量化歷史學會承辦,及香港人文社會研究所全力支持。從2023年開始,系列得到中國香港特別行政區研究資助局卓越學科領域計劃的重要資助 (項目編號[AoE/B-704/22-R])。

Conveners: Professors Zhiwu Chen & Chicheng Ma (HKU Business School)