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The monetary reforms of Stauning's first administration aggravated depressed conditions in industry and agriculture and led to his defeat in the 1926 elections.
In 1960, Grierson published a recondite article on the monetary reforms of Caliph Abd al Malik and their financial consequences, which showed that they included a decisive shift in the relative value of silver and gold in the Islamic world, bringing about the flight of silver to the west and gold to the east.
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The monetary reform of 1923 provided a money tax that brought an end to forced requisitioning.
First minted in 1869, after the Meiji Restoration, the yen was officially adopted as the basic unit in the monetary reform of 1871.
The peso was introduced into Spain by the monarchs Ferdinand and Isabella, who reformed the Spanish coinage system in 1497; it did not come into common use, though, until the time of Charles I (the emperor Charles V). Originally divided into eight reales, the peso subsequently became the basis of the silver coinage of the Spanish empire after the monetary reform of 1772 86.
The monetary reform of 1850 brought an important change.
The Soviet monetary reform of 1991, commonly referred to as the Pavlov reform, was the last monetary reform prior to the dissolution of the Soviet Union.
This may have reflected a desire to conform to the Diocletian monetary reform of 301, when the aureus was decreased from 1/60 of a pound to 1/72.
A national dividend has been urged by the "Social Credit" school of monetary reform for nearly a century, and the U.S. Basic Income Guarantee Network has held a dozen annual conferences.
Despite Diocletian's introduction of the gold solidus and monetary reforms, the credit market of the Empire never recovered its former robustness.
Is it a problem, however, that international welfare spillover effects seldom receive much consideration in the design of monetary reforms?
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