Reserves and Baskets

Michael Bordo and Harold James

No 17492, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We discuss three well known plans that were offered in the twentieth century to provide an artificial replacement for gold and key currencies as international reserves: Keynes' Bancor, the SDR and the Ecu( predecessor to the euro).The latter two of these reserve substitutes were institutionalized but neither replaced the dollar as the principal medium of international reserve.

JEL-codes: F02 F33 F55 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-cba, nep-his, nep-mon and nep-opm
Note: DAE ME
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Published as Michael Bordo & Harold James, 2012. "Reserves and Baskets," Open Economies Review, Springer, vol. 23(1), pages 113-127, February.

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