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| | EH.Net Encyclopedia: Bimetallism |
 | | In a world where the principal components of the money stock were full-bodied coins (that is, the coins circulated at roughly their intrinsic value, and there were no bank notes) bimetallic standards had the merit that they enabled currencies to have coins for high and low valued transactions without having exceptionally large or small coins. | | | At the beginning of the nineteenth century most Western economies used bimetallic standards, but by the end of the century the gold standard - that is, a monometallic standard - covered the West and much of the rest of the global economy. | | | The mint typically bought gold and silver freely that is, from anyone willing to sell at the mint price, which usually was slightly lower that the value of the coins produced, to pay for the costs of coining and, sometimes, profits or seignorage as well. |
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http://eh.net/encyclopedia/article/redish.bimetallism
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| | Bimetallism - Wikipedia, the free encyclopedia |
| | The practical difficulties which in times past had confronted the maintenance of a joint standard, a concurrent circulation of the two metals, led one nation after another to abandon the effort, and to adopt a system of monometallism, with gold as its basis. | | | This monetary system is very unstable: due to the fluctuation of the commercial value of the metals, the metal with a commercial value higher than the currency value tends to be used as metal and is withdrawn from circulation as money (Gresham's Law). | | | This created a conflict between those that favored inflationary policies caused by a bimetallic standard and those that favored sound money produced by a gold standard. |
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http://en.wikipedia.org/wiki/Bimetallism
(642 words)
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| | bimetallism on Encyclopedia.com |
| | BIMETALLISM [bimetallism], in economic history, monetary system in which two commodities, usually gold and silver, were used as a standard and coined without limit at a ratio fixed by legislation that also designated both of them as legally acceptable for all payments. | | | Aside from England, which in acts of 1798 and 1816 made gold the standard currency, all countries practiced bimetallism during the late 18th cent. | | | Working against that is the fact that the debtor tends to pay in the commercially cheaper metal, thus creating a market demand likely to bring its commercial value up to its face value. |
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http://www.encyclopedia.com/html/b1/bimetall.asp
(490 words)
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| | Laughlin, The History of Bimetallism in the United States, Front Matter: Library of Economics and Liberty |
| | Money has three chief functions to perform: as a medium of exchange (to transfer value), as a common denominator of value (to compare values), and as a standard of deferred payments. | | | By this means a long contract would be paid at its maturity with exactly the same purchasing power which was borrowed at the beginning. | | | Now, bimetallism is concerned mainly with this last function. |
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http://www.econlib.org/library/YPDBooks/Laughlin/lghHBM0.html
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| | Bimetallic Standard and bimetallism : an introduction |
| | A bimetallic standard is a monetary standard where the monetary unit is defined as consisting of either a certain amount of a metal or a certain amount of another, with the monetary authority being ready at all times to coin either metal at the legal price. | | | Whenever the market price of silver in terms of gold is sufficiently far from the legal ratio, the economy switches to a monometallic standard, using the relatively cheapest metal as money and removing the other from circulation. | | | For example, in the United States for the greater part of the 19th century the dollar was defined as consisting either of 22.5 grains of gold or 371 grains of silver (a grain is 0.065 grams). |
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http://www.micheloud.com/FXM/MH/Bimetalintro.htm
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| | [A-List] bimetallism v. gold |
| | Wilson also examines bimetallism as a brake on the=20 spread of the gold standard between 1870 and 1913. | | | Indian cotton=20 manufactures benefited from the continuous depreciation of silver against=20 gold and hence eroded market share, jobs and profits in England.=20 Lancashire's bimetallist agitators faced stiff resistance from City=20 financiers and unsympathetic governments. | | | This is a corner of the= =20 literature that has seen far too little attention but it is a prime example= =20 of institutional change and path dependence in an important sphere of the=20 economy. |
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http://lists.econ.utah.edu/pipermail/a-list/2002-February/017556.html
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| | bimetallism - definition of bimetallism by the Free Online Dictionary, Thesaurus and Encyclopedia. |
| | bimetallism - a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio | | | The use of a monetary standard consisting of two metals, especially gold and silver, in a fixed ratio of value. | | | This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. |
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http://www.thefreedictionary.com/bimetallism
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| | Limping bimetallism - Wikipedia, the free encyclopedia |
| | The Bland-Allison Act of 1878 allowed the coining of new silver dollars, thus creating this system, which was then abandoned again once the Gold Standard Act of 1900 was enacted. | | | Limping bimetallism was a monetary system in the United States that was partially dependent on silver but primarily dependent on gold. | | | It was developed after the abandonment of bimetallism and the adoption of the gold standard in 1873. |
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http://en.wikipedia.org/wiki/Limping_bimetallism
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| | Bimetallism: An Economic and Historical Analysis |
| | It not only summarizes the work but also carries the history to the late nineteenth century and beyond, through abandonment of the gold standard, to the current interest in currency unions and currency boards. | | | Angela Redish, Bimetallism: An Economic and Historical Analysis. | | | However, these are issues that can be explored in future research, and that research will certainly benefit from Redish's work. |
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http://www.eh.net/bookreviews/library/0311.shtml
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| | bimetallism -- Britannica Student Encyclopedia |
| | The Republicans believed in a money system based on the single gold standard. | | | The typical 19th-century bimetallic system defined a nation's monetary unit by law in terms of fixed quantities of gold and silver (thus automatically establishing a rate of exchange between the two metals). | | | The election campaign was fought on an issue other than the tariff. |
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http://www.britannica.com/ebi/article-9079217
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| | Working A Model of Bimetallism Franois R. Velde and Warren E. Weber (SMEALSearch) - Pal,Rangaswamy,Giles,Debnath |
| | Bimetallism is feasible: we find a continuum of steady states (in the certainty case) indexed by the constant exchange rate of the monies; we also prove existence for a range of fixed exchange rates in the stochastic version. | | | Bimetallism has been the subject of considerable debate: Was it a viable monetary system? | | | In our model, the (exogenous and stochastic) amount of each metal can be split between monetary uses to satisfy a cash-in-advance constraint, and nonmonetary uses in which the stock of uncoined metal yields utility. |
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http://smealsearch2.psu.edu/1433.html
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| | MSN Encarta - Search Results - Bimetallism |
| | After 1834, silver was undervalued at the mint; its market value was constantly higher than its coin value. | | | Bimetallism, monetary policy based on the use of two metals, usually gold and silver, as legal tender, coined without limit (free coinage), and... | | | How well did we match your search term? |
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http://encarta.msn.com/Bimetallism.html
(94 words)
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| | The Glitter of Gold: France, Bimetallism, and The Emergence of the International Gold Standard, 1848-1873 - Owen ... |
| | The Glitter of Gold: France, Bimetallism, and The Emergence of the International Gold Standard, 1848-1873 by Marc Flandreau, Owen Leeming | | | The Glitter of Gold: France, Bimetallism, and The Emergence of the International Gold Standard, 1848-1873 - Owen Leeming Marc Flandreau | | | Note: Cover may not represent actual copy or condition available |
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http://www.biblio.com/books/isbnnu/42382535.html
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| | Francois Micheloud Monetary History : learn about bimetallism and the Crime of 1873 |
| | Built from the latest historical and macroeconomic research, these pages explain complex monetary problems that shaped the world as we know it in a rich, graphical and entertaining presentation. | | | Francois Micheloud Monetary History : learn about bimetallism and the Crime of 1873 | | | Note : you need first to read Bimetallism to understand The Crime of 1873. |
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http://www.micheloud.com/FXM/MH
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| | Oilfield Glossary: Term 'bimetallism' |
| | In normal conditions, the effect of bimetallism on the SP is small, and care is taken to avoid it. | | | Since the magnitude of the drop depends on the formation resistivity, the effect of bimetallism is often seen as a resistivity log superimposed on the normal SP. | | | This potential drop will appear on the spontaneous potential (SP) log, where it can be confused with the electrochemical potential. |
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http://www.glossary.oilfield.slb.com/Display.cfm?Term=bimetallism
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