A Proposal for a System of International Money a Paper Read Before the Economic
A Proposal for a System of International Money a Paper Read Before the Economic
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It would be necessary to revise the seignorage on gold, in order to prevent the now cheaper silver of the international money breaking down the limits or bulwark of the national or local monetary systems, draining them of gold and flooding them with silver. The calculation would be as follows : 23:24:^(6. 45161) :^grms. Similar calculations would have to be made for every part or piece of the gold currency of each member of the new international union.
The seignorage calculations would be the d...uty of an international bureau, a permanent institu- tion, and would need to be declared periodically, at least every three months, possibly monthly.
The declaration of the seignorage would have to be accompanied with a declaration, that in- stanter from that moment all national or local coinages would be rated in the terms of the new international money, according to or after the rate of, or with the deduction of that seignorage.
In order to prevent loss to the present gold- using countries, the bureau charged with the duty of calculating the seignorage would also have to calculate the rates of equivalence between the national or local system and the international 24 system, so that a merchant who wished to transfer capital from the international to the national system, or rather to sell, in the terms of inter- national money, goods which he has manufactured or bought under the national or local system, may be able to make the calculations readily.
What to read after A Proposal for a System of International Money a Paper Read Before the Economic?
You can find similar books in the "Read Also" column, or choose other free books by William Arthur Shaw to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It would be necessary to revise the seignorage on gold, in order to prevent the now cheaper silver of the international money breaking down the limits or bulwark of the national or local monetary systems, draining them of gold and flooding them with silver. The calculation would be as follows : 23:24:^(6. 45161) :^grms. Similar calculations would have to be made for every part or piece of the gold currency of each member of the new international union.
The seignorage calculations would be the d...uty of an international bureau, a permanent institu- tion, and would need to be declared periodically, at least every three months, possibly monthly.
The declaration of the seignorage would have to be accompanied with a declaration, that in- stanter from that moment all national or local coinages would be rated in the terms of the new international money, according to or after the rate of, or with the deduction of that seignorage.
In order to prevent loss to the present gold- using countries, the bureau charged with the duty of calculating the seignorage would also have to calculate the rates of equivalence between the national or local system and the international 24 system, so that a merchant who wished to transfer capital from the international to the national system, or rather to sell, in the terms of inter- national money, goods which he has manufactured or bought under the national or local system, may be able to make the calculations readily.
What to read after A Proposal for a System of International Money a Paper Read Before the Economic?
You can find similar books in the "Read Also" column, or choose other free books by William Arthur Shaw to read onlineMoreLess
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