Theoretical Problems of the International Monetary System

Harry Johnson
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Harry Johnson: University of Chicago

The Pakistan Development Review, 1967, vol. 7, issue 1, 1-28

Abstract: Since 1958, international economists have been greatly concerned with the problem of international monetary reform. Research and writing on this problem has taken one or other of two broad forms. Those economists most concerned with policy have concerned themselves with emphasizing the need for international monetary reform and propounding workable (negotiable) schemes for achieving it. International monetary theorists, on the other hand, have been concerned with the theoretical policy problems of achieving and maintaining balance-of-payments equilibrium in the present internaticnal mcnetary system of fixed exchange rates. They have also become concerned with the problems of the system as a monetary system.

Date: 1967
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