Recent Developments in Bimetallic Theory

Datos Bibliográficos

ID20041277
AutoresStefan Erik Oppers (autor de correspondencia)
Año1995
Páginas47-70
Fecha de publicación1995-01-01
Peer ReviewedSí
Open AccessNo
TipoCHAPTER
RevistaInternational Monetary Systems in Historical Perspective (SOURCE_BOOK)
EditorialPalgrave Macmillan UK (PUBLISHER)
DOI10.1007/978-1-349-24220-7_3
OpenAlexW2495676409
ISBN9781349242207
IdiomaEN
Citas recibidas1
Referencias citadas11

After almost a century of neglect, the past few years have seen a revival of interest in bimetallism as a subject of study. Paradoxically, until a few years ago the monetary system that dominated the post-Medieval world had received little attention in the modern professional economic literature. Bimetallism had mostly been seen as an unstable precursor of the gold standard, subjecting economies to unnecessary — and possibly costly — periodic recoinages. The system’s interesting dynamics were usually summarised by a reference to Gresham’s Law, or ‘good money drives out bad money.’ Recently, a more sophisticated understanding of the system has emerged and its merits have been reappraised

Economics · Gold standard (test) · Keynesian economics · Monetary policy · Monetary system · Neglect · Positive economics · Subject (documents) · Computer Science · Eurasian Exchange Networks · Historical Economic and Social Studies · History · Medicine · Psychology