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In this paper I shall consider three aspects of the problem of international monetary stability, by which I mean exchange rate stability: (1) Under what conditions is exchange rate stability possibl...
Why Gold?     Alternative monetary systems  gold       2008/12/17
Alternative monetary systems cannot be evaluated in isolation, but only in comparison with other arrangements. The question “why gold?” thus divides into two other questions. The first is “compared ...
What can history tell us about the desirability, and feasibility, of maintaining fixed exchange rates between national currencies when capital is highly mobile? The workings of the international gol...
Convertibility, Monetary Overhang, and Central Banking In the earlydebate about monetary reform in Russia, convertibility seemed to be something both separate and more urgent than stability. As th...
Ludwig von Mises is well-known for his uncompromising defense of the gold standard during a period when that standard was being denounced by most other prominent economists. Mises’ reasons for pref...

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