Toward a World Currency

May 1944
New Republic;5/1/44, Vol. 110 Issue 18, p591
Reports that the experts of the United Nations have agreed on principles for stabilization of exchanges after the World War II. Basis of the scheme being a stabilization fund composed of gold; Measure to ensure that no country draw beyond the amount of its contributions; Arguments put forward for initial plans of John Keynes, renowned British economist, to stabilize exchanges; Efforts to counter balance heavy loss of foreign investments; Attempts to stimulate an expanding economy after the war and provision for the necessary expansion of trade and investment; Views that the international gold standard has been best suitable scheme to stabilize exchange by buying and selling currencies.


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