The Jamaica Agreement Demonetized Gold

The misalignment of exchange rates and the consequent accumulation of dollar balances, which quickly exceeded the gold holdings of the United States, led to increased tensions in the monetary system. The dangers were not only recognized in academic circles. When the author arrived at the Fund`s headquarters in early 1969 to begin his new … Jätka lugemist "The Jamaica Agreement Demonetized Gold"

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