Bimetallism: An Economic and Historical Analysis (Paperback) (ISBN-13: 9780521028936)

This book presents a history of Western monetary systems and explains why the system 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 contrasts with today's fiat money regimes.

Author: Angela Redish
ISBN-10: 0521028930
ISBN-13: 9780521028936
Publisher: Cambridge University Press
Language: English
Published: 11/02/2006
Pages: 292
Format: Paperback
Weight: 0.95lbs
Size: 9.00h x 6.00w x 0.66d