The Healthy Currency – An Alternative to Stable Currency

Artikel

In the current historical and economic context of the globalised world, sensitive to fluctuations and liable to economic crisis, we find it especially important to analyse the concept of monetary stability. The purpose of this paper is to critically analyse the concept of monetary stability, from the merchandise-currency point of view as well as regarding the fiduciary currency. Through the contributions of the Austrian economists, that underlined the mutations that occur after the inflationary processes in the allocation of resources, revenue distribution and in the evolution of entrepreneurial activities, we understand the necessity to use a healthy currency. The conclusions of the study reflect the undisputed virtues of the gold standard whose stabilizing mechanisms can only function on a free market, guaranteed by economic freedom and without the state’s intervention.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 6 ; Year: 2014 ; Issue: 3 ; Pages: 43-52 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies

Classification and Topics

• Classification: Wirtschaft ; History of Economic Thought: Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian) ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; Monetary Policy
• Subject: monetary stability ; free market ; gold standard ; stable currency

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Iavorschi, Mihaela ; Gradinaru, Andreea
• Event: Veröffentlichung
• (who): Alexandru Ioan Cuza University of Iasi, Centre for European Studies
• (where): Iasi
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/198337
• Last update: 10.03.2025, 11:42 AM CET