Ricardo on Money : A Reappraisal / by Deleplace, Ghislain

Table of Contents: “…A generalisation -- 6 The depreciation of metallic money -- 6.1 Convertibility and adjustment in the market for bullion -- The effect of the melting pot on the upper limit of variation in the market price of bullion -- The effect of seignorage on the lower limit of variation in the market price of bullion -- 6.2 Price adjustment in the markets for other commodities than bullion -- The effect of a change in the value of money on the competition of capitals -- From the market price of bullion to the market prices of commodities -- A bullion-price channel of transmission of a monetary shock -- 6.3 Debasement of the coin and depreciation of money -- The effect of debasement on the market price of gold bullion -- Debasement and "the principle of limitation of quantity" -- 6.4 The instability of the double standard -- The variability of the relative market price of gold in silver and the alternating standard -- The behaviour of the Bank of England and the prospective fall in the value of money -- Appendix 6: A letter on the double standard of money -- 7 The regulation of the quantity of convertible notes by the standard -- 7.1 The MoneyStandard Equation and the quantity of money -- 7.2 The adjustment of the value of money to an increase in the "wants of commerce" -- The notion of wants of commerce -- An endogenous adjustment -- The superiority of paper money over coins -- 7.3 The adjustment to a discretionary increase in the convertible-note issue -- "Forcing" Bank of England notes into circulation -- The melting of circulating coins -- The Penelope effect -- 7.4 A non-quantitative approach -- 7.5 Money without a standard -- A double inconvertibility -- The MoneyStandard Equation and inconvertibility -- 7.6 Conclusion: the specificity of the market for gold bullion -- Appendix 7: The effects of a change in the money supply: real balances, rate of interest and Says Law -- 1. …”
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Ricardo on Money : A Reappraisal / by Deleplace, Ghislain

Table of Contents: “…A generalisation -- 6 The depreciation of metallic money -- 6.1 Convertibility and adjustment in the market for bullion -- The effect of the melting pot on the upper limit of variation in the market price of bullion -- The effect of seignorage on the lower limit of variation in the market price of bullion -- 6.2 Price adjustment in the markets for other commodities than bullion -- The effect of a change in the value of money on the competition of capitals -- From the market price of bullion to the market prices of commodities -- A bullion-price channel of transmission of a monetary shock -- 6.3 Debasement of the coin and depreciation of money -- The effect of debasement on the market price of gold bullion -- Debasement and "the principle of limitation of quantity" -- 6.4 The instability of the double standard -- The variability of the relative market price of gold in silver and the alternating standard -- The behaviour of the Bank of England and the prospective fall in the value of money -- Appendix 6: A letter on the double standard of money -- 7 The regulation of the quantity of convertible notes by the standard -- 7.1 The MoneyStandard Equation and the quantity of money -- 7.2 The adjustment of the value of money to an increase in the "wants of commerce" -- The notion of wants of commerce -- An endogenous adjustment -- The superiority of paper money over coins -- 7.3 The adjustment to a discretionary increase in the convertible-note issue -- "Forcing" Bank of England notes into circulation -- The melting of circulating coins -- The Penelope effect -- 7.4 A non-quantitative approach -- 7.5 Money without a standard -- A double inconvertibility -- The MoneyStandard Equation and inconvertibility -- 7.6 Conclusion: the specificity of the market for gold bullion -- Appendix 7: The effects of a change in the money supply: real balances, rate of interest and Says Law -- 1. …”
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