Modern monetary systems

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Monograph

Identifikator:: 1753210836

URN:: urn:nbn:de:zbw-retromon-128414

Document type:: Monograph

Author:: Nogaro, Bertrand http://d-nb.info/gnd/117039713

Title:: Modern monetary systems

Place of publication:: London

Publisher:: King

Year of publication:: 1927

Scope:: XII, 236 S.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part I. Modern monetary systems and their operation

Collection:: Economics Books

94 MODERN MONETARY SYSTEMS § 12. Conclusions regarding the present exchange crisis. It is probable that some of the conclusions just reached will hardly confirm the set of elementary propositions of which the traditional economic theory was made up. On the other hand, they will not disconcert those who had observed monetary phenomena before the war, and some- times in distant countries. The most recent monetary crisis presents a picture with more marked features than the one which preceded it ; some of the financial, economic and social results of a disordered currency, and above all of unstable exchanges, sometimes appear in a new light, or rather emerge more prominently; but the essential factors in monetary problems and the conditions for their solution hardly seem to have changed; on the contrary, they may be said to have become more evident. Having completed our historical account, we shall now attempt to analyse and then to reconstruct these propositions in the following theoretical chapters.

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