Interest on excess reserves and Pound: Difference between pages

Revision as of 15:14, 11 December 2019

1.

One unit of the UK pound sterling (GBP).

For most of the historical period up the early 19th century, it could - in theory - be exchanged for one pound (weight) of silver.

Thereafter the pound was generally backed by gold (the 'gold standard').

Since 1931, the pound sterling has been a fiat currency.

2.

A pound is also one unit of a number of other currencies including those of Egypt (EGP), Lebanon (LBP), Sudan (SDG) and Syria (SYP).

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-(IOER).
+.
-The issue where central banks pay excess returns on deposits from commercial banks, leading to a disincentive to lend into the [[real economy]].
+One unit of the UK pound sterling (GBP).
-[[Category:Bank_Lending]]
+For most of the historical period up the early 19th century, it could - in theory - be exchanged for one pound (weight) of silver.
-[[Category:Regulation_and_Law]]
+Thereafter the pound was generally backed by gold (the 'gold standard').
+Since 1931, the pound sterling has been a fiat currency.
+.
+A pound is also one unit of a number of other currencies including those of Egypt (EGP), Lebanon (LBP), Sudan (SDG) and Syria (SYP).
+== See also ==
+* [[Egypt]]
+* [[Fiat currency]]
+* [[FKP]]
+* [[GBP]]
+* [[GIP]]
+* [[Gold standard]]
+* [[Libra]]
+* [[Lira]]
+* [[SHP]]
+* [[SSP]]
+* [[Sterling]]
+* [[United Kingdom]]
+[[Category:The_business_context]]
+[[Category:Financial_products_and_markets]]