Gold — How Much is a ‘Barbarous Relic’ Worth?

Robert Z. Aliber
Additional contact information
Robert Z. Aliber: University of Chicago

Chapter 5 in The New International Money Game, 2002, pp 86-105 from Palgrave Macmillan

Abstract: Abstract President John F. Kennedy once observed that the US balance-ofpayments problem was the second most complex issues he had to deal with; the first was avoiding a nuclear war. His concern was that he might have to increase the US dollar price of gold. Yet when President Richard Nixon suspended gold sales by the US Treasury in August 1971, and then agreed to increase the dollar price of gold to $38 (and to $42 slightly more than a year later), the domestic political fallout was mild.

Keywords: Central Bank; European Central Bank; Intermediate Good; Monetary Authority; Private Party (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50097-6_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230500976

DOI: 10.1057/9780230500976_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().