The Theory of Monetary Standards Applied to Pan-European Money and Monetary Control

M. L. Burstein
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M. L. Burstein: York University

Chapter 2 in The New Art of Central Banking, 1991, pp 17-41 from Palgrave Macmillan

Abstract: Abstract I reported on symmetallism in 1963, influenced by Marshall and Friedman (1951a/1953); and began to understand its ultimate extension, a full tabular standard, in 1986 — expanding this bridgehead in Burstein (1988 and 1989a). But I had no good idea of the theory’s praxis until I visited Banca d’Italia. It turns out that the theoretical foundations of a common European currency, and the corollary possibility of a European monetary authority, can be fashioned from these materials.

Keywords: Interest Rate; Central Banking; Money Supply; Public Debt; Monetary Authority (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11626-3_2

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DOI: 10.1007/978-1-349-11626-3_2

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