The currency crisis of capitalism

Стадниченко А.И. (Stadnichenko A.)

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Currency crisis, a crisis of the monetary system of capitalism, expressed in the collapse of the gold standard, the transition to inflationary paper-money circulation and covering both the sphere of domestic circulation of individual capitalist countries and international settlements. In the sphere of international economic relations, the general V. c. is manifested in the chronic disorder of the balance of payments of capitalist countries, in the increasing unevenness of the distribution of gold and foreign exchange reserves, in the fall in the exchange rates of many currencies, etc.

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