Please briefly describe what is meant by a gold exchange standard.

Chako

wrote...

Posts: 2948

Rep:

8 years ago

Please briefly describe what is meant by a gold exchange standard.

Textbook

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

Read 128 times

3 Replies

Report

Related Topics

Briefly discuss the main advantage of the bimetallic standard over the gold standard.
Solved Under a gold standard, countries control
Solved The primary disadvantage of the gold standard was that it increased exchange-rate risk.
Solved Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $
Solved World War I caused the suspension of the gold standard for fixed international exchange rates becaus
Solved Most Western nations were on the gold standard for currency exchange rates from 1876 until 1914. Tod
Solved Use of the gold standard was an example of a(n) __________ exchange rate. (Fill in the blank)
Solved Briefly describe the gold standard, its advantages, and why it collapsed.

Replies

machukian

wrote...

8 years ago

Under a gold exchange standard, central banks' reserves consist of gold and currencies whose price in terms of gold are fixed, and each central bank fixes its exchange rate to a currency with a fixed gold price. The post-WWII currency system was supposed to be a gold exchange standard with the U.S. responsible for fixing the price of gold at $35 per ounce.

Report

Chako Author

wrote...

7 years ago

Makes a lot of sense, and you're right.. I appreciate the input

Report

machukian

wrote...

7 years ago

Thanks for the feedback, I'm sure others will appreciate it too

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

864 People Browsing

121 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

10122

6885

123

Your Opinion

Previous poll results: Should Ph.D.'s be addressed as doctors?

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.