Monetary Regulation: Regrets and Hopes

Jacques Riboud

Chapter 15 in The Case for a New ECU, 1989, pp 136-150 from Palgrave Macmillan

Abstract: Abstract At the end of the third century of the Christian era, the Roman Emperor, Constantine, decided that he had to put an end to the excessive inflation which was threatening the very existence of the Empire. In order to achieve this goal, he created a new coin, the solidity of which would, he hoped, resist the ravages of time. This coin was the solidus, a gold disc weighing 4.4 grammes, large numbers of examples of which have been found in the wrecks of ships that sank off the coasts of Greece and Italy.

Keywords: Interest Rate; Inflation Rate; Money Supply; Bank Loan; Real Term (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-09730-2_15

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