Description
This Czech-language book examines the history and present of money and monetary systems, together with the role of gold in monetary circulation. It traces the development of different forms of money, from precious-metal coins to modern paper and cashless money that is not backed by gold and cannot be exchanged for it. Drawing on theory and specific figures, particularly from the Czech Republic, it analyzes the possibility of restoring gold’s role in the monetary system and demonstrates why such a revival is unrealistic. This edition treats the subject in considerably greater depth, reflecting a decade of new data, responses and facts, including the pandemic and Russia’s unprecedented aggression. Where possible, the updates extend to the end of 2022. It also uses the M1 monetary aggregate as the basis for its calculations rather than the monetary base, focusing on currency held by non-bank entities and their current bank deposits.
Information
Author: Revenda Zbyněk
Language: Czech
Publication date: December 1, 2023
Manufacturer: EKOPRESS, s.r.o.
Genres: Specialized and technical literature, Books, Society and politics, Social sciences
Type: Paperback book
Pages: 260
ISBN/EAN: 9788087865910