The dollar as an international money

Authors

  • A.H. MELTZER

DOI:

https://doi.org/10.13133/2037-3643/11423

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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Published

2013-12-29

How to Cite

MELTZER, A. (2013). The dollar as an international money. PSL Quarterly Review, 26(104). https://doi.org/10.13133/2037-3643/11423

Issue

Vol. 26 No. 104 (1973)

Section

Editorial

License

 
 
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