We use the demise of silver-based standards in the 19th century to explore price dynamics when a commodity-based money … silver money. Calibration of the model shows that silver ceased functioning as a global price anchor in the mid-1890s - the … price of silver is positively correlated with agricultural commodities through the mid-1890s, but not thereafter. In …

can replace silver as it has an endless number of uses. India hardly produces any silver and is basically a silver … importing country. It holds the 20th place in the list of silver producing countries and the total production of silver in India … in 2004 was around 2.1 million ounces. The three major silver producing states in India are Rajasthan, Gujarat, and …