haku: @indexterm Monetary economics / yhteensä: 201
viite: 44 / 201
| Tekijä: | Bordo, M. |
| Otsikko: | Monetary regimes and economic performance |
| Lehti: | Economic Affairs
1995 : AUTUMN, VOL. 15:4, p. 26-34 |
| Asiasana: | MONETARY ECONOMICS ECONOMIC PERFORMANCE MONEY |
| Kieli: | eng |
| Tiivistelmä: | The gold standard and adjustable peg exchange rate systems collapsed because of iflexibility, design flaws and credible commitment of the dominant member. So did the EMS. A fiat regime with flexible exchange rates offers a great improvement. Which monetary regime is best for economic performance? One based on creditability in specie, in which the monetary authority defines its monetary unit in terms of a fixed weight of specie, or one based on government fiat? |
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