Währungsordnungen
Währungsordnungen, or monetary systems, are the frameworks and structures that govern the issuance, circulation, and regulation of money within a country or region. These systems can vary significantly in their complexity and the degree of centralization they employ. The primary types of monetary systems include:
1. Gold Standard: This system ties the value of a currency to a fixed amount of gold.
2. Fiat Money: In a fiat monetary system, the value of a currency is determined by government
3. Bimetallism: This system involves the use of two different metals, typically gold and silver, as standards
4. Bretton Woods System: Established after World War II, this system pegged the value of currencies to
5. Managed Float: This system allows a country's currency to float freely against other currencies within a
Währungsordnungen play a crucial role in economic stability, as they influence inflation, interest rates, and the