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future of the world monetary system. The gold standard, the Keynes Plan and the White Plan are identified as the most … favourable experience made so far with the euro may be utilised for monetary integration in other parts of the world. The … furthers the idea of developing a single world currency. …
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The stability of the international financial system is in doubt. Analysis of the system has focused mainly on the sustainability of financing the American trade deficit and has failed to understand the microeconomics of transactions within the system. According to this brief by Thomas I. Palley,...
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We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We...
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