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 with today's fiat money regimes.
Autorius: | Angela Redish |
Leidėjas: | Cambridge University Press |
Išleidimo metai: | 2006 |
Knygos puslapių skaičius: | 292 |
ISBN-10: | 0521028930 |
ISBN-13: | 9780521028936 |
Formatas: | 229 x 152 x 18 mm. Knyga minkštu viršeliu |
Kalba: | Anglų |
Parašykite atsiliepimą apie „Bimetallism: An Economic and Historical Analysis“