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OF GOLD AND PAPER MONEY

机译:纸币和黄金

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摘要

We consider the role of money as a means of payment, store of value and medium of exchange. I outline a number of quantitative and qualitative experiences of monetary management. Successful regimes have sprung up in a variety of surprising places, and been sustained with state (centralised) interventions. Although the link between state and money, and its standard of identity and account may be clear, particularly in earlier stages of economic development, the extent to which the state is widely felt to hold responsibility for sound money' is less clear in modern democracies, where there are many other public responsibilities implying ongoing trade-offs.
机译:我们认为货币作为付款手段,价值存储和交换媒介的作用。我概述了货币管理的一些定量和定性经验。成功的政权在各种令人惊讶的地方如雨后春笋般涌现,并通过国家(集中)干预得以维持。尽管国家与金钱之间的联系及其身份和账目标准可能很明确,尤其是在经济发展的早期阶段,但在现代民主国家中,人们普遍认为国家在多大程度上负有对合理货币负责的责任,还有许多其他公共责任暗示着正在进行的权衡。

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  • 来源
    《The Manchester school》 |2018年第5suppla期|1-20|共20页
  • 作者

    Chadha Jagjit S.;

  • 作者单位

    Natl Inst Econ & Social Res, 2 Dean Trench St, Westminster SW1P 3HE, England;

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  • 正文语种 eng
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