Sovereign Dollar: “The Dollar Is Our Currency, but It’s Your Problem”

Jingyi Wang ()
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Jingyi Wang: Social Sciences Academic Press (China)

Chapter Chapter 3 in The Past and Future of International Monetary System, 2016, pp 19-34 from Springer

Abstract: Abstract In the past, gold had been long and widely adopted as a world monetary standard especially in the era rested on the conversion of paper notes into pre-set quantities of gold. Gold standard ensured the stability during most of commercial economy and the early stage of capitalism; however, it was confronted with embarrassment after unprecedented economic prosperity and waves of globalizations.

Keywords: Monetary Policy; Central Bank; Federal Reserve; Money Supply; Monetary Authority (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-10-0164-2_3

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DOI: 10.1007/978-981-10-0164-2_3

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