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The Theory of Monetary Standards Applied to Pan-European Money and Monetary Control

In: The New Art of Central Banking

Author

Listed:
  • M. L. Burstein

    (York University)

Abstract

I reported on symmetallism in 1963, influenced by Marshall and Friedman (1951a/1953); and began to understand its ultimate extension, a full tabular standard, in 1986 — expanding this bridgehead in Burstein (1988 and 1989a). But I had no good idea of the theory’s praxis until I visited Banca d’Italia. It turns out that the theoretical foundations of a common European currency, and the corollary possibility of a European monetary authority, can be fashioned from these materials.

Suggested Citation

  • M. L. Burstein, 1991. "The Theory of Monetary Standards Applied to Pan-European Money and Monetary Control," Palgrave Macmillan Books, in: The New Art of Central Banking, chapter 2, pages 17-41, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11626-3_2
    DOI: 10.1007/978-1-349-11626-3_2
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