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1 Φεβ 2006 · This book is a historical analysis of the gold standard from 1880-1914 focusing on the origins and workings of the gold standard as an international system. The system functioned smoothly until the …
1 Ιουλ 2015 · We begin with a review of how the gold markets operate, including the underresearched leasing market; we proceed to examine research on physical gold demand and supply, gold mine economics...
The gold stan- dard is often described as a rule that governs monetary policy. The rule is that the domestic money supply must rise and fall in line with the rise and fall of gold reserves. Adhering to the gold standard rule is described as a form of precommitment by monetary authorities.
11 Απρ 2023 · This updated version contains five new essays including: * post 1990 literature on exchange rate target zones * a discussion of the light shed by the gold standard on the European Monetary Union debate * a new introduction by Eichengreen with Marc Flandreau This will be an invaluable resource for students of macroeconomics, international ...
The system was designed to operate with the United States as the reserve currency country. Other countries would peg their currencies to the dollar. Stable economic policy in the United States would assure stable economic policy worldwide.
1 Απρ 1993 · This paper provides answers to two questions. The first question is which international monetary regime is best for economic performance? One based on fixed exchange rates: including the gold standard and its variants? Adjustable peg regimes such as the Bretton Woods system and the European Monetary System?
22 Νοε 2010 · The gold standard is a monetary system in which (1) the value of each country’s currency is defined in terms of a fixed weight of gold and (2) domestic currency is freely convertible to gold. To ensure convertibility, the amount of money issued by the central bank is strictly limited by the value of its gold reserves.