Das Baugewerbe in der Volks-, Berufs- und Betriebszählung von 1925

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Monograph

Identifikator:: 1847422136

URN:: urn:nbn:de:zbw-retromon-250625

Document type:: Monograph

Title:: Das Baugewerbe in der Volks-, Berufs- und Betriebszählung von 1925

Place of publication:: Berlin

Publisher:: Deutscher Baugewerksbund (N. Bernhard)

Year of publication:: 1930

Scope:: 183 Seiten; graphische Darstellungen

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Wirtschaftsgliederung und Baugewerbe.

Collection:: Economics Books

i MODERN MONETARY SYSTEMS Fifth type: Gold Exchange Standard or Gold Reserve.—At the end of the 19th century and as a result of circum- stances which will be described later, certain countries with internal silver or paper currencies wished to find a basis for their monetary system in common with mono- metallist gold standard countries. They brought this about by providing that their silver coin or notes should be con. vertible into gold currencies at a constant exchange rate fixed by law. In such countries gold is therefore accepted for free coinage, or minted coin is allowed to enter, and the export of gold is permitted or gold already deposited in foreign countries is made available for payments abroad. In this way they do enjoy a gold standard for the purpose of transactions with other countries although there may be no gold in their currencies. Silver is not accepted for free coining and cannot be freely exported or imported. It is issued in quantities sufficient to meet the requirements of trade, whether for internal use as a normal instrument of payment (in which case it will be unlimited legal tender) or as subsidiary coin. It is convertible into gold at the fixed exchange rate for the purpose of payments abroad when- ever the public authorities have a sufficiently large gold reserve to meet their liabilities. At home, notes may be convertible into silver if it is unlimited legal tender, or else they may be inconvertible ; but like silver, they are convertible into gold for the purpose of effecting payments abroad. This system, discovered empirically, was put into force by experimental stages in India, where the internal cur- rency consists mainly of silver rupees. It has also been used with a paper currency in the Argentine, and it has spread over almost the whole of the Far East. It is the most modern and the most “economical” of systems ; with a limited stock of metal it affords the most solid foun- dation for a monetary system based on gold, which is set free to perform its proper function as an international currency. &

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