On the Unilateral Introduction of Gold-backed Currencies

Ansgar Belke and Ulrich Volz

Intereconomics: Review of European Economic Policy, 2015, vol. 50, issue 5, 294-300

Abstract: Against the backdrop of an unstable international monetary system centred around the US dollar and very dim prospects of reforming this system, this article analyses the rationale for the unilateral introduction of gold-backed currencies and the challenges and problems associated with such a move. What would be the merits of unilaterally linking a currency to gold? How could this be managed, and what would be the risks? We argue that such a system would not bring price stability, as the country would not be able to control the international gold price, and that it would likely be exposed to volatile exchange rates. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/s10272-015-0554-y (text/html)
Access to full text is restricted to subscribers.

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:spr:intere:v:50:y:2015:i:5:p:294-300

Ordering information: This journal article can be ordered from
http://link.springer.de/orders.htm

DOI: 10.1007/s10272-015-0554-y

Access Statistics for this article

Intereconomics: Review of European Economic Policy is currently edited by Christian Breuer

More articles in Intereconomics: Review of European Economic Policy from Springer, ZBW - Leibniz Information Centre for Economics, Centre for European Policy Studies (CEPS)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().