دورية أكاديمية
Pieniądz fiat. Ponad tysiąc lat największego wynalazku w historii ekonomii
| العنوان: | Pieniądz fiat. Ponad tysiąc lat największego wynalazku w historii ekonomii |
|---|---|
| المؤلفون: | Andrzej Sopoćko |
| المصدر: | Problemy Zarządzania, Vol 16, Iss 3(76), Pp 160-175 (2019) |
| بيانات النشر: | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego, 2019. |
| سنة النشر: | 2019 |
| المجموعة: | LCC:Management. Industrial management LCC:Finance |
| مصطلحات موضوعية: | fiat money, currency board, exchange parity, Management. Industrial management, HD28-70, Finance, HG1-9999 |
| الوصف: | The article discusses the history of fiat money, namely money having no exchange parity and not based on any commodity. Contrary to popular belief, it is very long, dating back to a thousand years ago. China has the longest, both good and bad, historical experience with this form of money. In Europe, it was in operation in relatively short periods; in China, nonetheless, it was used for almost 500 years, accompanying the country’s heyday. The author attempts to explain why fiat money in China continued for so long, while no European state was able to maintain this form of money for more extended periods. He also presents the reasons behind the common abandonment of metal-based money in the 20th century, even though it fulfilled its functions well for thousands of years. The final part offers arguments indicating not only the inevitability of maintaining fiat money but also a highly systemic nature of money in general. The author believes that money cannot be issued on the basis of considerations outside a particular economic system. Currency board or sliding peg solutions may help overcome hyperinflation and restore confidence in domestic currency. In the long run, however, they are very unlikely to maintain stable economic development. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English Polish |
| تدمد: | 1644-9584 2300-8792 |
| العلاقة: | https://pz.wz.uw.edu.pl/resources/html/article/details?id=187590Test; https://doaj.org/toc/1644-9584Test; https://doaj.org/toc/2300-8792Test |
| DOI: | 10.7172/1644-9584.76.10 |
| الوصول الحر: | https://doaj.org/article/09f4ff9669314811b790c92e1a0fa82bTest |
| رقم الانضمام: | edsdoj.09f4ff9669314811b790c92e1a0fa82b |
| قاعدة البيانات: | Directory of Open Access Journals |
| تدمد: | 16449584 23008792 |
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| DOI: | 10.7172/1644-9584.76.10 |