Search Results for dollar

...George S. Tavlas Abstract Charles Kindleberger has recently been singled out as having envisioned the present international monetary system in which the US dollar is the dominant global currency and the Federal Reserve plays the role of global lender of last resort, providing dollar liquidity...

... and statistics in economics coincided with his promotion of his “compensated dollar” plan to stabilize price levels by varying the gold price of currencies, provoking suspicion that his proposed intergovernmental conference and scholarly society were intended to promote his monetary plan. In addition to his...

..., and the problem of the dollar shortage. This article provides a comprehensive interpretation of this early stage of Hirschman's intellectual biography, including a discussion of an unpublished proposal for the creation of a new European Monetary Authority developed under the auspices of Paul Hoffman...

... influential books Economics in One Lesson (1946) and Will Dollars Save the World? (1947) in pamphlet form, while the organization sought to build its brand by linking itself to the journalist's mainstream credibility. Examining Hazlitt's pamphlet trail in this way reaffirms his popular reach; underscores his...

..., neither Roosevelt nor his influential inner circle, a group known as the Brains Trust, had very strong views on gold or the dollar. They did believe in the need to experiment, and tinkering with the currency was a possible area for experimentation, but it was an option with a low priority...

... thousand Washington Memorial half dollars in six different designs for the benefit of the Washington Monument Association in Alexandria, I have the honor to submit the following considerations: That the establishment of a sound and adequate monetary system is a distinct governmental...

..., fiduciary issues, rates of inflation, and exchange rates. The book acquires substantially more order in the second half, or the last half-dozen chapters, where the drama of international monetary events-the movement from dollar shortage to dollar glut in Europe, the menaces to fixed...

... view” of exchange rate regimes or what others have called the “two corners solution”: countries should opt for either very hard pegs—currency boards or straight “dollarization”—or flexible exchange rates; they should avoid middle-ground arrangements, such as Bretton Woods–style adjustable pegs...

... of “real debt”: The kernel of it all is that since the stock market crash we had had (1) over-indebtedness, (2) consequent distress selling to try to get out of debt, (3) consequent falling prices, deflation or a swelling dollar, (4) consequently an increase in the real debt...

..., is the dollar. It has an ideal existence only and is thus legal value-it rep- resents specie, which is why people accept it, as a claim on actual valueegThe first hint of a possible problem appears here. As com- modities, gold and silver are subject to the law of supply and demand, and even...

... Salant, and Charles Kindleberger. 1966 . The Dollar and World Liquidity: A Minority View. The Economist , February. Sayers, R. S. [1936] 1970 . Bank of England Operations, 1890-1914 . Westport, Conn.: Greenwood Press. Book Reviews 343...

.... The book acquires substantially more order in the second half, or the last half-dozen chapters, where the drama of international monetary events-the movement from dollar shortage to dollar glut in Europe, the menaces to fixed exchange rates in the 1960’s, the attack on fixed rates by the Nixon...

... for December 1934 to June 1935 inclusive (In billion dollars) Expenditures (excluding investment) P.W.A. 807 General 1,779 Relief 1,119 C.C.C. 280 4,056...

... -48. Eltis, Walter. 1995 . John Locke, the Quantity Theory of Money, and the Establishment of a Sound Currency. In The Quantity Theory of Money . Brookfield, Vt.: Edward Elgar. Fisher, Irving. 1920 . Stabilizing the Dollar: A Plan to Stabilize the Price Level without Fixing Individual Prices...

...,” produced by smaller factories in areas without labor shortages. [Editor’s note.] 2. To put this dollar figure and the ones in the ensuing discussion in context, $300 at the time Lerner was writing is approximately $4,300 in 2013 dollars. [Editor’s note.] Lerner / Design...

... of the Dollar: Irving Fisher's Monetary Theory of Economic Fluctuations. History of Economics Review 20 : 161 -72. Dimand , R. 1994 . Irving Fisher's Debt-Deflation Theory of Great Depressions. Review of Social Economy 52 : 92 -107. Dogan , M. , and R. Pahre 1990 . Scholarly Reputation...

... within the socialist camp and restarted the theoretical debate on integration, albeit with difficulty. The beginning of the Cold War intensified Russian ambitions to establish an alternative center to the dollar. This task was accomplished in three stages, which have been conventionally called (i...

... has passed the bounds of a busi- ness depression and has assumed the aspect of an international calamity. 1. In 1930 the national income, according to the National Industrial Conference Board, showed a decline from the peak year 1929 of 14 billion dollars, or 10 billion dollars from...

... . Triffin Robert . 1960 . Gold and the Dollar Crisis. The Future of Convertibility . New Haven : Yale University Press . Triffin Robert . 1966 . The World Money Maze: National Currencies in International Payments . New Haven and London : Yale University Press . Triffin Robert...

... facing most European governments after the war. The problem manifested itself in differential inflation rates and the corre- sponding depreciation of currencies in terms of the dollar, whose link with gold at prewar parity was restored in 1919. A (wholesale) price 3. The adjectives...