Il dollaro come moneta internazionale.

Authors

  • A.H. MELTZER

DOI:

https://doi.org/10.13133/2037-3651/12591

Keywords:

Monetary theory, international monetary system, dollar, seigniorage

Abstract

The paper attempts a brief restatement of some recent developments in monetary theory. The author then draws some conclusions for the international monetary system. The first of these is that a multiple-currency system is inferior to a two-currency system, so it is advantageous for Europeans to develop a single currency. Second, a two-currency system is inferior to a one-currency system. Finally, welfare is increased if the dollar is used as a medium of exchange. The problems of seigniorage and management are discussed briefly at the end.


JEL: E42

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Issue

Vol. 26 No. 101-102 (1973)

Section

Articoli

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