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Bimetallism

  • Redish,Angela

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.

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521028936 and published in 2006.
Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521028936
Handle: RePEc:cup:cbooks:9780521028936
Contact details of provider: Web page: http://www.cambridge.org

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