An International Currency?What Sort and Why

Soule, George
May 1943
New Republic;5/3/43, Vol. 108 Issue 18, p588
Analyzes the possibility of the launch of a new international currency after World War II. Names of the new currency, bancor or unitas, as suggested by the economist J.M. Keynes and the U.S. Secretary of State Hans Morgenthau; Position of the possible new international currency vis-a-vis national currencies; Apprehension that fluctuations of national currencies will result in ambiguity in their relation to the international currency; Possibility of economic distress and financial crisis caused by the pressure of fluctuating exchanges; Consequences of these fluctuations on the import and export balance of the countries; Suggestions to avoid fluctuation of currencies in the world.


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