
Johannes Wiegand on Bimetallism and Monetary Stability
IMF Podcasts
The History of Gold and Silver Currency in the 19th Century
The first country that moved to a gold currency in the modern age was the UK. Historians have been debating the reasons behind this for a long time. One explanation is that simply economies grew so much and you needed more money. The difficulties with higher weight and volume were circumvented by political developments, he says.
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