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Monetary Regulation: Regrets and Hopes

In: The Case for a New ECU

Author

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  • Jacques Riboud

Abstract

At the end of the third century of the Christian era, the Roman Emperor, Constantine, decided that he had to put an end to the excessive inflation which was threatening the very existence of the Empire. In order to achieve this goal, he created a new coin, the solidity of which would, he hoped, resist the ravages of time. This coin was the solidus, a gold disc weighing 4.4 grammes, large numbers of examples of which have been found in the wrecks of ships that sank off the coasts of Greece and Italy.

Suggested Citation

  • Jacques Riboud, 1989. "Monetary Regulation: Regrets and Hopes," Palgrave Macmillan Books, in: The Case for a New ECU, chapter 15, pages 136-150, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09730-2_15
    DOI: 10.1007/978-1-349-09730-2_15
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