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- W3023673479 abstract "Publisher SummaryThis chapter explores various factors of the stabilizationist policy. In an effort to safeguard the stability of their economies and their social systems, the British, French, German, and Dutch colonial administrations introduced a series of import bans on primitive currencies. It is believed that it is mainly for the sake of safeguarding stability that the European colonial authorities in various parts of Africa checked the influx of cowries. Throughout history efforts were made to stabilize the ratio between two or more currencies in circulation at the same time in a community. Price control was another device resorted to in many communities at a comparatively backward stage of development. It is suggested to be true that primitive currencies tend to achieve stability not so much through the policy of the authorities as through conservatism and respect for tradition. In the absence of outside interference with the working of the monetary system of primitive communities, a stabilizationist monetary policy appears to stand a good chance of operating successfully over long periods, simply because the desire for the maintenance of the status quo is in accordance with the fundamental character of most primitive people." @default.
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- W3023673479 date "1966-01-01" @default.
- W3023673479 modified "2023-09-27" @default.
- W3023673479 title "Stabilizationist Policy" @default.
- W3023673479 doi "https://doi.org/10.1016/b978-0-08-011679-2.50150-9" @default.
- W3023673479 hasPublicationYear "1966" @default.
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