Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/173486 
Authors: 
Year of Publication: 
2016
Series/Report no.: 
Working Paper No. 877
Publisher: 
Levy Economics Institute of Bard College, Annandale-on-Hudson, NY
Abstract: 
Against the background of modern-day monetary proposals, ranging from a return to the gold standard to the wholesale abolition of currency, this paper seeks to draw implications from David Ricardo's Proposals for an Economical and Secure Currency for plans to reform the operation of central banks and extraordinary monetary policy. Although 200 years old, the 'Ingot plan,' proposed during a period in which gold convertibility was suspended, appears to be applicable to modern monetary conditions and suggests possible avenues of reform.
Subjects: 
David Ricardo
Monetary Systems
Ingot Plan
Gold Standard
JEL: 
B12
E42
N10
Document Type: 
Working Paper

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