Possible Scenarios For The World Monetary System Development In Conditions Of Returning To Using Of Precious Metals

Mariya Yermilova
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Mariya Yermilova: Plekhanov Russian University of Economics, Moscow

Ukrainian Journal Ekonomist, 2012, issue 10, 4-7

Abstract: The article deals with the essence of the «gold standard», the use of special drawing rights, as well as ways to modernize the world monetary system through the use of precious metals as a replacement for the U.S. dollar and the results that may be obtained by using either option. The author shows the availability of forming baskets of precious metals as the most optimal alternative solutions to the current economic conditions.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:uje:journl:y:2012:i:10:p:4-7

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