Newby, Elisa - Centre for Dynamic Macroeconomic Analysis, University … - 2007
, E4, E5, N13
Keywords: Gold standard, Suspension of Cash Payments, Monetary
policy, Monetary regimes
1 … the gold standard, the suspension of cash payments supported
the value of inconvertible paper currency. Money was valued … and private loans to ensure controlled adjustment
of prices and exchange rate to the gold standard.
The motivation for …