The future of the international monetary system

Authors

  • R. TRIFFIN

DOI:

https://doi.org/10.13133/2037-3643/10698

Keywords:

International monetary system, floating exchange rates, control, liquidity, commercial banking

Abstract

The work argues that neither stable, nor floating exchange rates can function satisfactorily in the absence of any international control, and restraints, over the fantastic explosion of international liquidity provided to the market, in recent years, by the monetary authorities and the commercial banking system. The author focuses on the inflationary aspects of this phenomenon, neglecting the problems of recession and unemployment.

 

JEL: E42

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Published

2013-10-10

How to Cite

TRIFFIN, R. (2013). The future of the international monetary system. PSL Quarterly Review, 33(132). https://doi.org/10.13133/2037-3643/10698

Issue

Vol. 33 No. 132 (1980)

Section

Editorial

License

 
 
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