The Modern Monetary System and Gold

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...

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Bibliographic Details
Main Author:	N N Rubtsov
Format:	Article
Language:	English
Published:	Peoples’ Friendship University of Russia (RUDN University) 2013-12-01
Series:	RUDN journal of Sociology
Subjects:	кредит коэффициент резервирования товарные и кредитные деньги золото и золотой стандарт механизм создания денег из долга
Online Access:	http://journals.rudn.ru/sociology/article/view/6205

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