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Prescription

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Part of the book series: Macmillan Studies in Economics ((MSE))

Abstract

To recapitulate, RIMO plans which have been proposed would affect one or more of the assumptions in Chapter 1 above; they are aimed at solving one or more of the problems outlined in Chapter 2; and each plan is more or less ‘efficient’ as described in Chapter 3. The plans can be divided into six main groups:

  1. (i)

    Changes in the fixed exchange rates regime

  2. (ii)

    A return to the gold standard (GS)

  3. (iii)

    Refurbishing the GES

  4. (iv)

    An extension of the GES

  5. (v)

    A dollar standard

  6. (vi)

    Central creation of reserves

Each of these will be discussed in turn.

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© 1971 Grahame Walshe

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Walshe, G. (1971). Prescription. In: International Monetary Reform. Macmillan Studies in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-01039-4_4

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