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A New Balance of Payments for the United States, 1790–1919Gold and Silver

A New Balance of Payments for the United States, 1790–1919: Gold and Silver [Conceptually, gold and silver flows are classified as either monetary (specie) or nonmonetary (merchandise). They are considered monetary when circulating full-bodied domestically, and nonmonetary otherwise. This means gold and silver are specie 1790–1852 and gold alone 1853 onward. The official practice of treating the monetary gold stock as an international asset is rejected. Statistically, new figures for specie 1790–1820 are developed, and omitted overland exports to Canada are corrected.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A New Balance of Payments for the United States, 1790–1919Gold and Silver

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-66098-7
Pages
147 –152
DOI
10.1007/978-3-030-66099-4_8
Publisher site
See Chapter on Publisher Site

Abstract

[Conceptually, gold and silver flows are classified as either monetary (specie) or nonmonetary (merchandise). They are considered monetary when circulating full-bodied domestically, and nonmonetary otherwise. This means gold and silver are specie 1790–1852 and gold alone 1853 onward. The official practice of treating the monetary gold stock as an international asset is rejected. Statistically, new figures for specie 1790–1820 are developed, and omitted overland exports to Canada are corrected.]

Published: Mar 25, 2021

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