Economics Dictionary of ArgumentsHome | |||
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Gold Standard - Economics Dictionary of Arguments | |||
Gold standard: The gold standard is a monetary system where a country's currency value is directly linked to a specific amount of gold. Governments or central banks would guarantee to exchange their currency for gold at a fixed price. This system provided stability but limited flexibility in monetary policy. It was largely abandoned in the 20th century in favor of fiat currencies. See also Central bank, Monetary policy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Eichengreen, Barry J. | Gold Standard | Eichengreen, Barry J. | |
Ed. Martin Schulz, access date 2024-03-29 |