Once this demand reaches a certain level, the stage becomes set for a spontaneous remonetization
of the precious metals.
Due to the perceived downturn caused by the panic, there was continued agitation for monetary expansion, which partly took the form of the "free silver" movement that advocated the remonetization
The loss of gold and the end of the noninflationary remonetization
of the economy--whereby the supply of money was doubled without a significant increase in inflation as people grew willing to hold on to the new currency--began to constrain state action by the end of 1925.
Strong capital inflows were more than enough to finance current account deficits, and allowed a substantial accumulation of international reserves, as well as a remonetization
of the economy.
of the domestic economy would likewise be a sine qua non for the resurrection of the DPRK's badly broken central planning mechanism ("a planned economy without planning," in Mitsuhiko Kimura's apt phrase)--which has not managed to launch another multiyear national plan since the last one was concluded in 1993.
For a few months now it has been possible to identify a certain remonetization
, especially in the form of company deposits coming back into the banks.
The process of remonetization
that accompanied the successful stabilization of the early 1990s was driven by repatriation of flight capital of domestic residents and was channeled primarily to the fully convertible dollar deposits offered by the banking system.
66] The "long depression" intensified rural demands for tariff reform and remonetization
of silver and sparked the Greenback and Granger movements and the Farmers' Alliance.
Fortunately, during most of the reform period the increasing demand for cash that accompanied the monetization or remonetization
of the economy slowed the velocity of money circulation, lessening the inflationary impact of the lax credit policies.
Carrington, Samantha, "The Remonetization
of the Commonwealth of Independent States," American Economic Review, May 1992, 82, 2, 22-26.
1) In policy discussion, the scope for remonetization
following stabilization depends on the upward shift in the demand for money and the consequent predictability of higher money demand with lower rates of inflation.
citizens' inflation-hedging demand for gold will shrink by more than banks' reserve demand will grow with larger real demand for Ml balances, I expect that the denationalization and remonetization
of the U.