Banking school
The Banking school is a economic school of thought formed originally by a group of economist S British at the beginning of the 19th century and defending the banking principle
This principle states that the quantity of Monnaie in circulation must above all depend on the needs for the economic agents. The money Supply must then be adapted to the needs for the businesses, the importance of the Or and of the Argent is thus minimized here.
Banking school is opposed to the Currency school, which argues that the emission of Banknotes must be into proportional with the quantity of Or held in the reserves of the Banque of England in order to avoid all Inflation.
In 1844, the Bank Charter Act imposes the currency principle on the United Kingdom, but the French monetary system will be inspired rather by the banking principle .
Internal bonds
| Random links: | Gustave Miklos | Constantin Phaulkon | Camp of Saliers | Hammudites | Miguel Xavier Rodrigues | Mohammad-Javad_Larijani |