 The Prospects for International Liquidity and the Future Evolution of the International Payments SystemC. P. Kindleberger
Chapter Chapter 17 in International Trade Theory in a Developing World, 1963, pp 372-392 from Palgrave Macmillan Abstract: Abstract It is now more than three years since the Suez monetary crisis came to an end, and economists and financiers have turned their attention to the so-called problem of international monetary liquidity. Interest was drawn to the question by Sir Oliver Franks in his report as chairman of Lloyds Bank in February 1958. It was sustained by an issue of The Economist at the end of May in the same year, balance of payments difficulties of the United States on trade account in 1959, and owing to an outflow short-term capital in the last half of 1960 did nothing to change the subject, partly as a result of the important contribution of Robert Triffin in his various articles of 1959 and his book, Gold and the Dollar Crisis, of 1960. Today world monetary liquidity is ‘Hit Tune Number One’ in the repertoire of the international trade and monetary economist, and a host of bankers, journalists and men of affairs. Keywords: Flexible Exchange Rate; International Reserve; International Liquidity; Persistent Deficit; Payment Deficit (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08458-6_17 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-08458-6_17 Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
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