The problem of remonetizing gold

Authors

  • J. WILLIAMSON

DOI:

https://doi.org/10.13133/2037-3643/11374

Keywords:

Dollar-reserve system, gold-reserve system, SDR

Abstract

The paper addresses the question of whether it might be more feasible to replace the dollar-reserve system by a gold-reserve system than it was to replace it by an SDR system. The author first outlines some salient features of the present monetary status of gold. A brief summary of the characteristics that are generally assumed to be necessary for a reserve system is then provided. How a gold-reserve system would need to be designed in order to satisfy such requirements is then considered. In addition, the feasibility of introducing such a system is assessed. Finally, some implication of the analysis are provided.

 

JEL: E42

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Published

2013-12-18

How to Cite

WILLIAMSON, J. (2013). The problem of remonetizing gold. PSL Quarterly Review, 30(121). https://doi.org/10.13133/2037-3643/11374

Issue

Vol. 30 No. 121 (1977)

Section

Editorial

License

 
 
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