The Currency school is a economic school of thought formed by a group of economist S brittanic S in the Années 1810 following the publication of the Bullion carryforward . It is supported by large economists of the time like David Ricardo and Robert Torrens
According to the currency principle , the Inflation drift mainly of the too important emission of Banknotes. Accordingly, the emission of these Banknotes by a Central bank must be at most equivalent to the quantity of Or which it holds, in order to ensure a stability of the parity in a mode of gold standard.
Currency school is opposed to the Banking school, which argues that the value of the currency S can be naturally controlled by the desire of the dépositeurs in Banque to convert to them fiduciary Monnaie into Or.
Currency school carries the political debate in 1844 with the adoption of the Bank Charter Act , which regulates the emission of tickets according to the gold detention. The currency principle did not slow down the growth of the 19th century, but its disadvantages have at that time perhaps summers compensated by the many noble metal discoveries.
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