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Gold Exchange Standard in Its 40th Year of Abolition: Jacques Rueff Re-Visited
07/10/2011
Author : Global Political Trends Center (GPoT - Turkey)
By Onur Bayramoğlu | published October 2011
 
While the post-war international monetary system that evolved under the leadership of the U.S. dollar has secured credit abundance - and hence contributed to global growth - the system has also revealed its deficiencies already by 1950’s. In contrary to the 1930’s when the world’s main problem was chronic deflation; two decades later, the problem has become chronic inflation and fiscal deficits. Since then many blamed the indiscipline of the Keynesian school of thought and the inability of the U.S. dollar to become a global “public good” by being a stable international currency. In this Policy Brief, I overview the many aspects of the post-war international monetary system through the lens of the post-war French economist, Jacques Rueff, and question the applicability of his long-proposed gold standard in today’s highly integrated and speculative money markets. You can download the whole Policy Brief here: http://gpotcenter.org/dosyalar/PB28_2011_GoldExchangeStandard_Bayramoglu.pdf
 
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Thursday, 24 May 2012
Europe's World - AUTUMN 2011 - #19
The Spring 2012 issue of Europe's World is out!

We feel it's fair to say that few if any publications in the field of international relations and policy debate have grown as fast or widened their scope so remarkably as Europe's World.

Our 100,000 readers worldwide are drawn from politics, government, business, the media, universities and NGOs.
 
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