Bimetallism

An Economic and Historical Analysis

AvAngela Redish,Michael D. Bordo

Inbunden, Engelska, 2000

Del i serien Studies in Macroeconomic History

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Beskrivning

This book, first published in 2000, presents a history of Western monetary systems and explains why bimetallism 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 contrasting with today's fiat money regimes.

Produktinformation

Utgivningsdatum:2000-08-28
Mått:162 x 238 x 23 mm
Vikt:535 g
Format:Inbunden
Språk:Engelska
Serie:Studies in Macroeconomic History
Antal sidor:290
Förlag:Cambridge University Press
ISBN:9780521570916

Utforska kategorier

Makroekonomi inom Ekonomi och Ledarskap
Ekonomisk historia inom Ekonomi och Ledarskap

Recensioner i media

"Any historian of monetary standards needs not only to read Bimetallism: An Economic and Historical Analysis but also to keep a copy nearby...Redish has produced a wonderful book that any scholar of monetary standards will admire. All in all, my reaction to Bimetallism: An Economic and Historical Analysis is unqualified admiration." EH.Net

Innehållsförteckning

Acknowledgements; 1. From the Carolingian penny to the Classical gold standard; 2. The mechanics of commodity money; 3. Bimetallism before the nineteenth century; 4. The issue of small-denomination coins; 5. Token coinage and the gold standard in the United Kingdom; 6. Transition to the gold standard in France; 7. Bimetallism in the United States; 8. Conclusions; References; Index.