Die Frau und die Arbeit

Bibliographic data

Monograph

Identifikator:: 1029343713

URN:: urn:nbn:de:zbw-retromon-72101

Document type:: Monograph

Author:: Schreiner, Olive http://d-nb.info/gnd/118795457

Title:: Die Frau und die Arbeit

Place of publication:: Jena

Publisher:: Eugen Diederichs

Year of publication:: 1914

Scope:: 1 Online-Ressource (180 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: II. Parasitimus

Collection:: Economics Books

132 MODERN MONETARY SYSTEMS circulation of the same paper currency and there will be even greater exchange stability in these circumstances than when there are gold points, because the cost of sending insured notes is much less than the cost of sending gold.! But when a country is so situated, as is normally the case, that, having a paper currency, the circulation is purely internal, its exchanges with other countries, whether their currencies be gold or silver, or, like its own, paper, can of course no longer be restricted within limits corresponding to the costs of importing or exporting specie. It will therefore be observed that exchange problems do not arise as between countries which have the same kind of currency, whether it be gold, silver or paper. For in these circumstances exchange fluctuations and their effects on economic life are exceedingly small and the study of the exchange hardly goes beyond a technical examination of the operations of bankers and exchange brokers. It may therefore be said that the economic problem of exchange is due to the fact that whereas commercial and financial transactions between the inhabitants of different countries take place the world over, currency has largely remained national in character. Certain countries only possess an internal currency (paper money) ; the circulation of others is composed of monetary units which are different but are all legally convertible into gold, which, owing to the freedom of coinage, constitutes an international currency apart from the mere formality of recoinage ; but even in the latter countries the exchange 1 In particular, we may quote, as an instance of the complete harmony between the currencies of two countries having the same paper currencies, the case of Madagascar and France, due to the fact that as the former country does not possess a currency of its own, the notes of the Bank of France constitute the entire fiduciary circulation. On the other hand, the exchange between the French franc and the franc in the Antilles is unstable because the same circulation is not common both to the mother country and this group of colonies. The paper francs of Algeria, Tunis and Morocco are in complete harmony with the paper franc of the mother country owing to the possibility of unlimited conversion.

Access restriction

Copyright

fullscreen: Modern monetary systems

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation