„Gold Exchange Standard“

What does Gold Exchange Standard stand for?

A monetary system adopted by some countries which did not have enough gold to go onto the gold standard so they deposited their gold with one of the leading gold standard countries and made their currency more or less freely convertible to the currency of that country.

Source:

Eichengreen, Barry J. “Golden Fetters: The Gold Standard and the Great Depression, 1919-1939”. Oxford University Press, 1992.

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