Glossary

Glossary

Term Book Chapter Definition
Gold Standard International Finance Chapter 3: History and Evolution of the International Monetary System A system that dominated global finance from the late 19th century to the early 20th century. Under this system, currencies were pegged to a specific amount of gold, creating a fixed exchange rate regime.
Gold Standard Money and Banking Chapter 2: The Nature and Evolution of Money A system linking the value of paper money to a specific amount of gold, which dominated global economies, providing stability but also limiting monetary flexibility.