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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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Book Details

ISBN: 9780521028936
ISBN-10: 0521028930
Format: Paperback
(228mm x 152mm x 17mm)
Pages: 292
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 2-Nov-2006
Country of Publication: United Kingdom

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Books By Author Angela Redish

Gold Standard and Related Regimes by Angela Redish

The Gold Standard and Related Regimes

Paperback, November 2005
$74.66
Bimetallism by Angela Redish

Bimetallism

Hardback, August 2000
$153.00