This blog will briefly introduce two scientific approaches to monetary policies. In particular, it will be important to mention the debate between Banking and Currency Schools. One should also identify the leading representatives of the two schools.
It’s important to illustrate the influence of these theoretic approaches on the decking of policymakers. This thesis will be a statement about the importance of these ideas on the monetary policies of various countries.
This part of the blog will examine the importance of Currency and Banking Schools. It will be very important to show how the ideas influence the thoughts and ideas of those who are making huge decisions in policy. For instance, much attention should be paid to the relation of the Real Bills Doctrine to the U.S. monetary policies. This argument will also show if the issues debated by the 19th century economists remain relevant nowadays.