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 suspension of cash payments as di�erent
monetary regimes simply because the monetary rules these regimes enforced were … had shifted
permanently.
As such the transition between the monetary regimes was e�ected with little dis-
turbance. The …