The Gold Standard and Free Banking

Mike Tsionas

Chapter Chapter 19 in The Euro and International Financial Stability, 2014, pp 119-126 from Springer

Abstract: Abstract One of the reasons for the growth and prosperity of the United States has been the fact that we have enjoyed one money throughout the large area of the country. We have had a gold or at least a single dollar standard with the entire country, and did not have to suffer the chaos of each city and county issuing its own money which would then fluctuate with respect to the moneys of all the other cities and counties. The nineteenth century saw the benefits of one money throughout the civilized world.

Keywords: Monetary Policy; Central Bank; European Central Bank; National Currency; Monetary Policy Shock (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-01171-4_19

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DOI: 10.1007/978-3-319-01171-4_19

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