Stability in Numbers: Central Banks, Expertise and the Use of Statistics in Interwar Europe

Abstract

This research examines the central banks of interwar Europe through the lens of statistics. It focuses particularly on how the rise of economic and statistical expertise simultaneously supported the existing goals of central banks to retain national autonomy and the tenets of liberal internationalism espoused by the League of Nations. The institutionalised efforts to improve quantitative research culminated in the 1928 Conference of Central Bank Statisticians, where delegates envisioned creating new channels of cooperation based on standardised terminology and a centralised information bureau. By framing central banks within the historiographies of statistics and interwar internationalism, this article details the confluence of factors that shaped a new dependence on expertise.