Dinamika Pergeseran Standar Mata Uang Dunia dan Implikasinya terhadap Perekonomian

Authors

  • Sri Fatimah Rahmatillah Institut Agama Islam Negeri Parepare

DOI:

https://doi.org/10.35905/taswiq.v1i1.10707

Keywords:

Gold Standard, Fiat Money, International Trade, Monetary System

Abstract

The current monetary system, which utilizes fiat money as the currency standard, often presents issues in both regional and global trade, frequently being compared with the previous gold standard. This research examines the historical dynamics of the shift in global currency standards—from the use of gold standards to the adoption of paper money—and analyzes the economic implications of this phenomenon. This study employs a qualitative-comparative method, utilizing a literature review approach with references from books, indexed journals, and credible online sources. Gold as a currency standard offers higher stability compared to fiat money. However, each system has its advantages in application. The gold standard provides a nominal value that matches its intrinsic value and is more resistant to inflation. Conversely, fiat money offers the benefit of physical ease of use. Therefore, implementing a paper money system backed by gold reserves could reduce currency exchange rate discrepancies between countries and positively impact international trade and national economies.

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Published

2024-10-11