The Key Currency Proposal

Raymond F. Mikesell

The Quarterly Journal of Economics, 1945, vol. 59, issue 4, 563-576

Abstract: I. Three approaches to the problem of international currency stability, 563. — II. What is a key currency? 567. — Importance of non-key currencies, 567; of stable relations between currencies, 569. — Other postwar currency problems overlooked, 570. — Uncertainty regarding proposed stabilization agreement between United States and Great Britain, 571. — The problem of exchange restrictions after the war, 572. — Many currencies are key currencies from standpoint of certain commodities, 574. — III. Alternatives facing nations of the world, 576.

Date: 1945
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