Bordo, Michael D.; Jonung, Lars - Economics Institute for Research (SIR), … - 2000
'convertibility principle', was the prevailing pattern in the world economy. According to this principle, the fiscal regime is … convertibility of the domestic currency
into specie, the ’convertibility principle’, was the prevailing pattern in the world economy … international experience.
3.1. The classical gold standard 1881-1913
3.2. World War I
3.3. The interwar period
3.4. World War II
3 …