currency principle; currency doctrine
Economic term referring to the principle that the amount of currency in circulation should be directly tied to the amount of gold or silver held by the issuing authority. Often contrasted with the banking principle.
In 19th-century Britain, there was intense debate between the currency principle and the banking principle.
Banking principle, which holds that the money supply should be regulated by the needs of trade rather than strictly tied to gold reserves. The opposite of 通貨主義.
Compound of 通貨 (currency) and 主義 (principle, doctrine). The term is a direct translation of the English 'currency principle' and entered Japanese economic discourse in the late 19th or early 20th century.