Thursday, May 2, 2024
spot_img
HomeNewsCaribbean NewsJohannes Wiegand on bimetallism and monetary stability

Johannes Wiegand on bimetallism and monetary stability

IMF Podcasts

WASHINGTON, USA – While the currency values of today’s economic powerhouses help maintain global financial stability, the currency systems in the 19th century were tied to precious metals and France played the stabilizing role.

In the early 1800s, most countries tied their currencies to silver or gold, but Napoleon tied the French franc to both, which sparked the era of global bimetallism.

IMF economist Johannes Wiegand has studied bimetallism, and in this podcast, he says this almost-forgotten 19th-century episode shows that international cooperation is essential for a stable global monetary system.

Read the article in our latest issue of Finance & Development.

Listen to the podcast.

Bruce Edwards, Producer, IMF Podcasts.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

Guyana’s workforce to see matching salaries, improved quality of life, says president Ali

GEORGETOWN, Guyana, (DPI) - Over the past three and a half years, the PPP/C government has remained steadfast in its commitment to developing every...

Global News