The Modern Monetary System and Gold
The article considers the nature of modern money, analyzes the mechanism of its creation, showing that it is basically generated by credit and the principle of partial bank reserve. The article draws comparative parallels between trade money based on gold and contemporary, credit money; the author q...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Peoples’ Friendship University of Russia (RUDN University)
2013-12-01
|
| Series: | RUDN journal of Sociology |
| Subjects: | |
| Online Access: | http://journals.rudn.ru/sociology/article/view/6205 |
| _version_ | 1818943758595522560 |
|---|---|
| author | N N Rubtsov |
| author_facet | N N Rubtsov |
| author_sort | N N Rubtsov |
| collection | DOAJ |
| description | The article considers the nature of modern money, analyzes the mechanism of its creation, showing that it is basically generated by credit and the principle of partial bank reserve. The article draws comparative parallels between trade money based on gold and contemporary, credit money; the author quotes leading bankers and finance experts on the need for partial return to the principles of functioning of the gold standard as the most effective institute of regulating the monetary system in society. |
| first_indexed | 2024-12-20T07:32:25Z |
| format | Article |
| id | doaj.art-9e6d376d0ce048a2951738814141fe0e |
| institution | Directory Open Access Journal |
| issn | 2313-2272 2408-8897 |
| language | English |
| last_indexed | 2024-12-20T07:32:25Z |
| publishDate | 2013-12-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN journal of Sociology |
| spelling | doaj.art-9e6d376d0ce048a2951738814141fe0e2022-12-21T19:48:23ZengPeoples’ Friendship University of Russia (RUDN University)RUDN journal of Sociology2313-22722408-88972013-12-0103891026204The Modern Monetary System and GoldN N Rubtsov0Компания «Интер Технолоджи»The article considers the nature of modern money, analyzes the mechanism of its creation, showing that it is basically generated by credit and the principle of partial bank reserve. The article draws comparative parallels between trade money based on gold and contemporary, credit money; the author quotes leading bankers and finance experts on the need for partial return to the principles of functioning of the gold standard as the most effective institute of regulating the monetary system in society.http://journals.rudn.ru/sociology/article/view/6205кредиткоэффициент резервированиятоварные и кредитные деньгизолото и золотой стандартмеханизм создания денег из долга |
| spellingShingle | N N Rubtsov The Modern Monetary System and Gold RUDN journal of Sociology кредит коэффициент резервирования товарные и кредитные деньги золото и золотой стандарт механизм создания денег из долга |
| title | The Modern Monetary System and Gold |
| title_full | The Modern Monetary System and Gold |
| title_fullStr | The Modern Monetary System and Gold |
| title_full_unstemmed | The Modern Monetary System and Gold |
| title_short | The Modern Monetary System and Gold |
| title_sort | modern monetary system and gold |
| topic | кредит коэффициент резервирования товарные и кредитные деньги золото и золотой стандарт механизм создания денег из долга |
| url | http://journals.rudn.ru/sociology/article/view/6205 |
| work_keys_str_mv | AT nnrubtsov themodernmonetarysystemandgold AT nnrubtsov modernmonetarysystemandgold |