Financial Stability and Secure Currency in a Modern Context

Jan Kregel

Economics Working Paper Archive from Levy Economics Institute

Abstract: Against the background of modern-day monetary proposals, ranging from a return to the gold standard to the wholesale abolition of currency, this paper seeks to draw implications from David Ricardo's "Proposals for an Economical and Secure Currency" for plans to reform the operation of central banks and extraordinary monetary policy. Although 200 years old, the "Ingot plan," proposed during a period in which gold convertibility was suspended, appears to be applicable to modern monetary conditions and suggests possible avenues of reform.

Keywords: David Ricardo; Monetary Systems; Ingot Plan; Gold Standard (search for similar items in EconPapers)
JEL-codes: B12 E42 N10 (search for similar items in EconPapers)
Date: 2016-11
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.levyinstitute.org/pubs/wp_877.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lev:wrkpap:wp_877

Access Statistics for this paper

More papers in Economics Working Paper Archive from Levy Economics Institute
Bibliographic data for series maintained by Elizabeth Dunn ( this e-mail address is bad, please contact ).