The discussions of the Bullionist Controversy were closely related to the effects of inconvertibility on prices and exchange rates. However, during their discussions, economists had a need to address other important questions such as the convenience of free banking. In this paper, we will study the perspective of the different schools involved in the debate on this issue: we will show that their positions were wholly coherent with their underlying assumptions on the nature of monetary assets. The economists who viewed gold and banknotes as perfect substitutes, such as the radical bullionists, tended to favor a ban on free banking. On the contrary, the economists who viewed banknotes and gold as imperfect substitutes, such as the moderate bullionists and antibullionists, were inclined to favor free banking.

中文翻译：

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贵金属争论期间的免费银行业务问题

Bullionist Controversy 的讨论与不可兑换性对价格和汇率的影响密切相关。然而，在他们的讨论中，经济学家需要解决其他重要问题，例如免费银行业务的便利性。在本文中，我们将研究参与该问题辩论的不同学派的观点：我们将证明他们的立场与他们对货币资产性质的基本假设完全一致。那些将黄金和纸币视为完美替代品的经济学家，例如激进的金银主义者，倾向于支持禁止自由银行业务。相反，将纸币和黄金视为不完美替代品的经济学家，例如温和的金银主义者和反金银主义者，倾向于支持自由银行业务。