Gold and the Dollar Crisis: The Future of ConvertibilityAnalyzes the 19th century system of international convertibility and the reasons for its collapse and outlines radical institutional reforms which might deal effectively with the present day dollar question. |
Contents
THE RETURN TO CONVERTIBILITY 19261931 | 15 |
What and How? | 21 |
The Changing Role of Monetary Reserves | 31 |
Copyright | |
15 other sections not shown
Other editions - View all
Common terms and phrases
accumulation amount assets balance of payments bancor bilateral billion borrowing Chairman Committee convertibility country's creditor countries current account deficits devaluation dollar balances dollar holdings estimates Europe European Economic Community European Monetary Agreement European Payments Union excess exchange rate exchange restrictions financing foreign exchange reserves Fund deposits Fund's gold and foreign gold exchange standard gold production gold reserves gross reserves growth imports increase inflationary institutions international liquidity International Monetary Fund international reserves investments key currency lending capacity liabilities loans major member countries ments monetary authorities monetary gold monetary reserves monetary system Money Muddle national currency negotiation OEEC overall policies postwar problem proposals quota ratio readjustments Representative Reuss reserve levels reserve position Reserves and Liquidity settlements short-term six countries stability sterling area sterling balances surpluses Table tion trade and exchange trade and payments transactions Triffin U.S. dollars United Kingdom world liquidity world monetary