A monetary system that sought to restore features of the Gold Standard in the 1920s and again in the Bretton Woods System, while economizing on gold. Instead of money being backed directly by gold, central banks issued liabilities against foreign currency assets (mostly U.S. dollars under Bretton Woods) that were in turn backed by gold.
Related information about Gold Exchange Standard:
- Gold standard - Wikipedia, the free encyclopedia
Similarly, the gold exchange standard typically does not involve the circulation of gold coins. Rather, it uses notes or coins made of silver or other metals, but ...
- gold-exchange standard (monetary system) -- Britannica Online ...
Monetary system under which a nation's currency may be converted into bills of exchange drawn on a country whose currency is convertible into gold at a stable ...
- The Gold Exchange Standard - Ludwig von Mises Institute
How to return to the Golden Age? The sensible thing to do would have been to recognize the facts of reality, the fact of the depreciated pound, franc, mark, etc., ...
- Gold Exchange Standard - Financial Dictionary - The Free Dictionary
A fixed exchange rate system adopted in the Bretton Woods agreement. It required the U.S. to peg the dollar to gold and other countries to peg their currencies to ...
- The "Gold Exchange Standard" by Nathan Lewis
May 21, 2012 ... Sometimes you hear about the "gold exchange standard." This is really just one of many varieties of gold standard systems. A gold standard ...
- The Inter-War Gold Exchange Standard: Credibility and Monetary ...
First, the inter-war gold standard had evolved into a gold exchange standard in .... eve of World War I, a gold exchange standard was emerging with foreign ...
- Gold-exchange standard - Merriam-Webster Online
a monetary standard under which gold does not circulate domestically and international debts are settled primarily in currency of nations that maintain a gold ...
- Gold Exchange Standard: Definition from Answers.com
Gold Exchange Standard International monetary exchange system, a variation of the Gold Standard in which central bank reserves are held in gold Bullion.