HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW
This article aims to be an overview of the model proposed by Hayek and to explore the possibility of its implementation as a reform of the current monetary system. Research has shown that the proposed system somewhat resembles today’s international monetary system, with various currencies and is...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2014-08-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2014-04/36_Badescu%20Bogdan.pdf |
| _version_ | 1811287782012747776 |
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| author | BOGDAN BĂDESCU |
| author_facet | BOGDAN BĂDESCU |
| author_sort | BOGDAN BĂDESCU |
| collection | DOAJ |
| description | This article aims to be an overview of the model proposed by Hayek and to explore the possibility of its implementation
as a reform of the current monetary system. Research has shown that the proposed system somewhat resembles today’s
international monetary system, with various currencies and issuers. Therefore, it seems that the transition to such a
system would likely start with the complete removal of controls on capital movements and exchange rates, paths on
which steps have already been made. The analysis of the model revealed a number of issues yet to be clarified, which
call into question its ability to have performance in practice. The biggest problem is that such a system did not exist
before and therefore there is no empirical data available. However, this does not mean that it is impossible to
implement, but casts doubt on the concepts on which it was built. |
| first_indexed | 2024-04-13T03:24:27Z |
| format | Article |
| id | doaj.art-c7cfbbb671d44c8696d428688bef2af0 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 1844-7007 |
| language | English |
| last_indexed | 2024-04-13T03:24:27Z |
| publishDate | 2014-08-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-c7cfbbb671d44c8696d428688bef2af02022-12-22T03:04:41ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70071844-70072014-08-014244247HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEWBOGDAN BĂDESCU0Bucharest University of Economic Studies This article aims to be an overview of the model proposed by Hayek and to explore the possibility of its implementation as a reform of the current monetary system. Research has shown that the proposed system somewhat resembles today’s international monetary system, with various currencies and issuers. Therefore, it seems that the transition to such a system would likely start with the complete removal of controls on capital movements and exchange rates, paths on which steps have already been made. The analysis of the model revealed a number of issues yet to be clarified, which call into question its ability to have performance in practice. The biggest problem is that such a system did not exist before and therefore there is no empirical data available. However, this does not mean that it is impossible to implement, but casts doubt on the concepts on which it was built.http://www.utgjiu.ro/revista/ec/pdf/2014-04/36_Badescu%20Bogdan.pdfHayekthe denationalization of moneycompeting currenciesthe gold standardthe Austrian school |
| spellingShingle | BOGDAN BĂDESCU HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie Hayek the denationalization of money competing currencies the gold standard the Austrian school |
| title | HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW |
| title_full | HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW |
| title_fullStr | HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW |
| title_full_unstemmed | HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW |
| title_short | HAYEK’S “DENATIONALIZATION OF MONEY” - A REVIEW |
| title_sort | hayek s denationalization of money a review |
| topic | Hayek the denationalization of money competing currencies the gold standard the Austrian school |
| url | http://www.utgjiu.ro/revista/ec/pdf/2014-04/36_Badescu%20Bogdan.pdf |
| work_keys_str_mv | AT bogdanbadescu hayeksdenationalizationofmoneyareview |