gold currency standard system

基本解释

Gold Standard Monetary system in which the value of its currency is based on the fixed amount of gold which backs it.
金本位貨幣價格基於支持該貨幣的一定數量黃金的貨幣制度。
This is a mechanism identical to today's currency boards, which is why I say that a gold standard system is like a "currency board linked to gold.
這一機制跟今天的貨幣發行侷作用相同，這也是爲什麽我說金本位制度就像是一個“與黃金掛鉤的貨幣發行侷”。
The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy.
聯邦儲備系統已經做了一個悲慘的工作，使用或不使用金標準，爲經濟提供了正確的貨幣量。

Under the old gold standard system, a currency could be converted into fixed amounts of gold and vice versa.
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In this vein, let us remember that a national gold standard is still a fiat currency system, and fiat systems are immoral.
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With that said, the 19th century did have some periods when the intent to reinstate a gold standard system, after a currency devaluation, resulted in a rising currency, with some recessionary effects.
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