Headline: Keynes and the International Monetary System: Time for a Tabular Standard

This paper discusses proposals for tabular standards in the late nineteenth and early twentieth centuries. In particular, we focus on Keynes’ proposal for an international tabular standard (ITS) as the gold standard unravelled in the 1930s. The paper explains the origins of Keynes’ ITS proposal which pegged the value of an international reserve to a broad index of primary commodities, weighted in terms of their value in world production. We argue that the ITS should be viewed as an important and enduring component of Keynes’ ideal long-run vision for anchoring the international monetary system, even post-Bretton Woods.

Publication Year
2018
Publication Type
Academic Articles
Citation

Ussher, L. J., Haas, A., Töpfer, K., Jaeger, C. C. (2018): Keynes and the International Monetary System: Time for a Tabular Standard. - European Journal of the History of Economic Thought, 25, 1, p. 1-35.DOI: http://doi.org/10.1080/09672567.2017.1365093

DOI
10.1080/09672567.2017.1365093
Staff involved
Projects involved
Distributed Global Financial Systems for Society (DOLFINS) Systemic Risks