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A papirpenz konvertibilitasa es rendszere
[Convertibility and system of paper money]

Author

Listed:
  • Matić, Branko

Abstract

The paper discusses the phenomenon of modern convertibility in paper currency system. Unlike the period of metal (mint) value and traditional convertibility, convertibility today has different aspects and dimensions. Furthermore, it is regulated by the International Monetary Fund, but it depends also on the recognition in bilateral and multilateral relations between states. A proclamation of convertibility and tying this to the name of a national currency (Bosnia and Herzegovina) is another recent precedent.

Suggested Citation

  • Matić, Branko, 2004. "A papirpenz konvertibilitasa es rendszere
    [Convertibility and system of paper money]
    ," MPRA Paper 10426, University Library of Munich, Germany, revised 2004.
  • Handle: RePEc:pra:mprapa:10426
    as

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    File URL: https://mpra.ub.uni-muenchen.de/10426/1/MPRA_paper_10426.pdf
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    More about this item

    Keywords

    Convertibility and system of paper money;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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