gold in the monetary system. In particular, there has been a proposal to employ gold as a nominal anchor or asset for the … exchange rates between the most important and tradable currencies in the world. This suggestion, along with alternatives is … analyzed in the article. The author describes different historical systems of money, the gold standard and, using concrete …

This paper develops a model of the impact of monetary policy on the price level under a gold standard. The model is … particular, it will be demonstrated that under a gold standard, monetary policy can have a permanent effect on the price level …

Did adoption of the gold standard exacerbate or diminish macroeconomic volatility? Supporters thought so, critics … thought not, and theory offers ambiguous messages. A hard exchange-rate regime such as the gold standard might limit monetary … absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in …

The three exchange rate regimes adopted by Italy from 1883 up to the eve of World War I — the gold standard (1883 …-1893), floating rates (1894-1902), and “gold shadowing” (1903-1911) — produced a puzzling result: formal adherence to the gold … standard ended in failure while shadowing the gold standard proved very successful. This paper discusses the main policies …

“shadow” gold standard in the mid-1890s the forward rate became a considerably better predictor of the future spot rate than … their pre-1896 level. This implies that the Austro-Hungarian Bank's policy of defending the gold value of the currency was …

Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and … is the only book in the world priced in 141 currencies (down from 147 in the 2006 edition.).This number is significant … the world - trillions. The multicurrency foreign exchange trading system was developed about 2,500 years ago to enable …

would also facilitate a reduction in inflation, which would moderate gold imports and favorably impact real exchange rate …

This is the only book in print in the world about the single global currency, and is the only book in the world priced …; and save the world - trillions. The multicurrency foreign exchange trading system was developed about 2,500 years ago to … currency. In a 3-G world with a single global currency managed by a global central bank within a global monetary union …