Reserves and Baskets

Michael D. Bordo; Harold James

doi:10.1007/s11079-011-9221-5

Reserves and Baskets

Michael D. Bordo, Harold James

History

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

We discuss three well known plans that were offered in the twentieth century to provide an artificial replacement for gold and key currencies as international reserves: Keynes' Bancor, the SDR and the Ecu(predecessor to the euro). The latter two of these reserve substitutes were institutionalized but neither replaced the dollar as the principal medium of international reserve.

Original language	English (US)
Pages (from-to)	113-127
Number of pages	15
Journal	Open Economies Review
Volume	23
Issue number	1
DOIs	https://doi.org/10.1007/s11079-011-9221-5
State	Published - Feb 2012

All Science Journal Classification (ASJC) codes

Economics and Econometrics

Keywords

Bancor
Ecus
International reserves
Key currencies
SDRs

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10.1007/s11079-011-9221-5

Cite this

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abstract = "We discuss three well known plans that were offered in the twentieth century to provide an artificial replacement for gold and key currencies as international reserves: Keynes' Bancor, the SDR and the Ecu(predecessor to the euro). The latter two of these reserve substitutes were institutionalized but neither replaced the dollar as the principal medium of international reserve.",

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KW - International reserves

KW - Key currencies

KW - SDRs

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Reserves and Baskets

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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