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Bimetallism by Angela Redish
Bimetallism by Angela Redish
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Bimetallism

An Economic and Historical Analysis
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Description

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.
Release date NZ
November 2nd, 2006
Author
Audience
  • Professional & Vocational
Illustrations
10 Tables, unspecified; 7 Halftones, unspecified; 20 Line drawings, unspecified
Pages
292
Dimensions
152x228x17
ISBN-13
9780521028936
Product ID
2356316

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