Reserves and Baskets
Michael Bordo () and
No 17492, NBER Working Papers from National Bureau of Economic Research, Inc
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)
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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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