The Gold Standard Theory History And Renaissance

Master's Thesis from the year 2013 in the subject Economics - Macro-economics, general, grade: 1,7, Leipzig Graduate School of Management, language: English, abstract: Nach der Finanzkrise 2007/2008 haben die Zentralbanken in den USA und Europa ihre Politik des billigen Geldes verstärkt. Die Geldmengen sind seither drastisch angestiegen und die Gegner des Fiat Money erheben ihre Stimmen immer lauter mit Rufen nach einer Rückkehr zu Goldstandard. Die Arbeit untersucht, ob und wie eine solche Rückkehr möglich ist und welche Konsequenzen daraus resultieren würden. Als Grundlage dieser Untersuchung wird zunächst die Geschichte des Goldstandard betrachtet und analysiert ob dieses Geldsystem tatsächlich so überragend funktioniert hat, wie von seinen Verfechtern versprochen. After the financial crisis of 2007/2008, the central banks in the United States and also in Europe strengthened their policy of cheap money. Due to this policy, the money supply increased rapidly and endangered the low inflation rates the central banks were committed to. The opponents of fiat money raise their voices and urga a return to the gold standard. The thesis main focus is on the question if and how a return to the gold standard would be possible and which consequences would arise. As foundation to this analysis, the gold standard has been analysed in its historical context, regarding the question if it worked so well as its advocates promise.

Since the first edition, published in 1985, much new research has been completed. This updated version includes five new essays, including a new introduction by Eichengreen and a discussion of the gold standard and the EU monetary debate.

Since the successful first edition of "The Gold Standard in Theory and History" was published in 1985, much new research has been completed. This updated version contains five new essays including post-1990 literature on exchange rate target zones; a discussion of the light shed by the gold standard on the European Monetary Union debate; and a new introduction by Professor Eichengreen with Marc Flandreau. This will be an invaluable resource for students of macroeconomics, international economics and economic history at all levels.

"Selected bibliography" at end of each chapter.

Based on lectures which Hawtrey delivered in 1926 for the Institute of Bankers, his book describes ...what [the Gold Standard] is, how it works, why it broke down, and what ought to be done.

The last half of the twentieth century has seen the emergence of literary theory as a new discipline. As with any body of scholarship, various schools of thought exist, and sometimes conflict, within it. I.R. Makaryk has compiled a welcome guide to the field. Accessible and jargon-free, the Encyclopedia of Contemporary Literary Theory provides lucid, concise explanations of myriad approaches to literature that have arisen over the past forty years. Some 170 scholars from around the world have contributed their expertise to this volume. Their work is organized into three parts. In Part I, forty evaluative essays examine the historical and cultural context out of which new schools of and approaches to literature arose. The essays also discuss the uses and limitations of the various schools, and the key issues they address. Part II focuses on individual theorists. It provides a more detailed picture of the network of scholars not always easily pigeonholed into the categories of Part I. This second section analyses the individual achievements, as well as the influence, of specific scholars, and places them in a larger critical context. Part III deals with the vocabulary of literary theory. It identifies significant, complex terms, places them in context, and explains their origins and use. Accessibility is a key feature of the work. By avoiding jargon, providing mini-bibliographies, and cross-referencing throughout, Makaryk has provided an indispensable tool for literary theorists and historians and for all scholars and students of contemporary criticism and culture.

Originally published in 1933 this book discusses the inadequacy of ‘orthodox Gold Standard theory’ in the light of post-war monetary phenomena. In demonstrating that the Gold Standard had broken down the book explains that the Quantity Theory of Money is an inaccurate explanation of what happens over short periods and that the determining factor in the rise or fall of prices is the Velocity of Circulation. The book makes a plea for a workable Gold Standard operated by an international consortium of Central Banks.