Over the ages, currencies have been defined in terms of gold and other items of value, and the international monetary system has been the subject of a variety of international agreements. A review of these systems provides a useful perspective from which to understand today’s system and to evaluate weakness and proposed changes in the present system.
Over the ages, currencies have been defined
in terms of gold and other items of
value, and the international monetary system has been the subject of a variety
of international agreements. A review
of these systems provides a useful perspective from which to
understand today’s system and to evaluate weakness and proposed changes in the present system.