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Your search keyword '"*CURRENCY question"' showing total 2 results
Start Over Descriptor "*CURRENCY question" Topic monetary systems Region london (england)
2 results on '"*CURRENCY question"'

1. Competing Bimetallic Ratios: Amsterdam, London, and Bullion Arbitrage in Mid-Eighteenth Century.

Author

Nogues-Marco, Pilar

Subjects
BIMETALLISM, PRECIOUS metals, CURRENCY question, MONEY, MONETARY systems, COINAGE, GOLD standard, ECONOMICS, HISTORY, ECONOMIC conditions in the Netherlands, ECONOMIC history
Abstract

This article analyzes the stability of bimetallism for countries operating in integrated bullion markets that enact different legal ratios. I articulate a new theoretical framework to demonstrate that two countries can both be bimetallic only if they coordinate their legal ratios. The theoretical framework is applied to the mid-eighteenth century when London's legal ratio was 3.8 percent higher than that of Amsterdam. I find that Amsterdam was effectively on the bimetallic standard, whereas London was on a de facto gold standard. [ABSTRACT FROM PUBLISHER]

Published
2013
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2. Fixing a Floor.

Subjects
GOLD, GOLD standard, MONETARY systems, CURRENCY question, ECONOMICS
Abstract

The article reports on the decline of the price of gold in the London, England market, which represented a defeat for theorists who had argued that the official price of gold should be increased and the dollar should be devalued. It mentions the success of the U.S. and those financiers who believe that gold's power in the world affairs should be weakened. It adds that Europeans sought to bring South African gold into the international monetary system to reduce their reliance on the U.S. dollar.

Published
1969

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