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ASC 2008 Gold Standard

ASC 2008 Gold Standard

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Published by: lbrty4all9227 on May 04, 2011
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07/30/2012

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J. Bradley Jansen ³The Transition to Sound Money´ Austrian Scholars ConferenceMises Institute March 14, 2008
 
G
lobal Possibilities
Free Banking for developingcountries
‡
Scottish example similar to conditionsin many developing countries today:need competition
G
old-denominated bonds by goldproducing countries
End IMF discrimination against gold
 
Free Banking: The Scottish Experienceas a Model for Emerging Economies
Randy Kroszner
World Bank Policy research working paperNo. 1536 (1995)
In the beginning of the eighteenth centuryScotland was much poorer than England. Bythe mid-eighteenth century the
G
NP percapita in Scotland was roughly half of that inEngland. By the mid-nineteenth century,however, Scotland's
GD
P per capita nearlyequaled that of England.

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