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Erschienen in:
1980 | OriginalPaper | Buchkapitel
An extranational payment unit with constant purchasing power: the Eurostable
verfasst von : Jacques Riboud
Erschienen in: The Mechanics of Money
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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The modern world lacks any kind of reliable international currency. There is no currency capable of correctly carrying out the role of international numéraire — that of medium of exchange and reserve and intervention instrument for central banks. Alone among systems of measurement, modern monetary systems are devoid of a genuine standard of value against which the value of goods and services can be compared in space and time.