Bimetallism
An Economic and Historical Analysis
This book presents a history of Western monetary systems and explains why the system was preferred to a gold standard before 1800. Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were (frequently overlooked) prerequisites for the emergence of the Classical gold standard. The simplicity of the gold standard, a monetary system where there is a fixed ratio between a weight of gold and a unit of currency, makes it an obvious focus for discussion of commodity money systems, and for contrasts…
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Produktdetails
Weitere Autoren: Bordo, Michael D. (Hrsg.) / Capie, Forrest (Hrsg.)
- ISBN: 978-0-521-02893-6
- EAN: 9780521028936
- Produktnummer: 2529327
- Verlag: Cambridge University Press
- Sprache: Englisch
- Erscheinungsjahr: 2006
- Seitenangabe: 292 S.
- Masse: H22.9 cm x B15.2 cm x D1.7 cm 433 g
- Abbildungen: Paperback
- Gewicht: 433
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