Convertibility and System of Paper Money

Numizmatikai Kozlony CII-CIII, No. 1, pp. 83-88, 2004

7 Pages Posted: 11 Sep 2008

See all articles by Branko Matic

Branko Matic

University of J.J. Strossmayer in Osijek - Faculty of Economics

Date Written: September, 10 2008

Abstract

The paper discusses the phenomenon of modern convertibility in paper currency system. Unlike the period of metal (mint) value and traditional convertibility, convertibility today has different aspects and dimensions. Furthermore, it is regulated by the International Monetary Fund, but it depends also on the recognition in bilateral and multilateral relations between states. A proclamation of convertibility and tying this to the name of a national currency (Bosnia and Herzegovina) is another recent precedent.

Note: Downloadable document is in Hungarian.

Keywords: convertibility, paper money, current money

JEL Classification: E5

Suggested Citation

Matic, Branko, Convertibility and System of Paper Money (September, 10 2008). Numizmatikai Kozlony CII-CIII, No. 1, pp. 83-88, 2004, Available at SSRN: https://ssrn.com/abstract=1266151

Branko Matic (Contact Author)

University of J.J. Strossmayer in Osijek - Faculty of Economics ( email )

Gajev trg 7
Osijek, 31000
Croatia

HOME PAGE: http://www.efos.hr/nastavnici/bmatic/

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