Various Proposals for the Resumption of Currency Convertibility

Patrick Collins
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Patrick Collins: Imperial College of Science and Technology

Chapter 3 in Currency Convertibility, 1985, pp 35-63 from Palgrave Macmillan

Abstract: Abstract In the foregoing chapters we have reviewed the present-day system of controlling the value of money, and its limitations. We have seen the uniquely successful record of the system of directly guaranteeing the convertibility of currency into specified commodities, and the support that this policy has received from leading economists for more than two centuries. We are therefore led to consider the question of what is the best form in which currency convertibility might be re-introduced in the present day.

Keywords: Monetary Policy; Money Supply; Commodity Price; Monetary Authority; Official Price (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07058-9_4

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DOI: 10.1007/978-1-349-07058-9_4

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