caa a22 4500 60623747X CHVBK 20210128101253.0 cr unu---uuuuu 210128e20150901xx s 000 0 eng 10.1007/s10272-015-0554-y doi (NATIONALLICENCE)springer-10.1007/s10272-015-0554-y On the Unilateral Introduction of Gold-backed Currencies [Elektronische Daten] [Ansgar Belke, Ulrich Volz] Against the backdrop of an unstable international monetary system centred around the US dollar and very dim prospects of reforming this system, this article analyses the rationale for the unilateral introduction of gold-backed currencies and the challenges and problems associated with such a move. What would be the merits of unilaterally linking a currency to gold? How could this be managed, and what would be the risks? We argue that such a system would not bring price stability, as the country would not be able to control the international gold price, and that it would likely be exposed to volatile exchange rates. ZBW and Springer-Verlag Berlin Heidelberg, 2015 Belke Ansgar Lehrstuhl für Volkswirtschaftslehre, University of Duisburg-Essen, Fakultát für Wirtschaftsw., Universitátsstraße 12, 45117, Essen, Germany aut Volz Ulrich Weltwirtschaft und Entwicklungsfinanzierung, Deutsches Institut für Entwicklungspolitik (DIE), Centre for European Policy Studies, Tulpenfeld 6, 53113, Bonn, Belgium aut Intereconomics Springer Berlin Heidelberg 50/5(2015-09-01), 294-300 0020-5346 50:5<294 2015 50 10272 https://doi.org/10.1007/s10272-015-0554-y text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10272-015-0554-y text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Belke Ansgar Lehrstuhl für Volkswirtschaftslehre, University of Duisburg-Essen, Fakultát für Wirtschaftsw., Universitátsstraße 12, 45117, Essen, Germany aut NATIONALLICENCE 700 1- Volz Ulrich Weltwirtschaft und Entwicklungsfinanzierung, Deutsches Institut für Entwicklungspolitik (DIE), Centre for European Policy Studies, Tulpenfeld 6, 53113, Bonn, Belgium aut NATIONALLICENCE 773 0- Intereconomics Springer Berlin Heidelberg 50/5(2015-09-01), 294-300 0020-5346 50:5<294 2015 50 10272