Units of Account and Parallel Currencies in Transnational Transactions

  • Robert Triffin

Abstract

Three recent developments should revive interest in the launching of a relatively stable unit of account as a parallel currency. This currency would be an alternative to national currencies and Euro-currencies (overwhelmingly the US dollar and German mark) for the denomination and even settlement, of transnational contracts which cannot—by definition—be simultaneously expressed in the national currency of each contracting party.

Keywords

Europe OPEC 

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Copyright information

© Michele Fratianni and Theo Peeters 1978

Authors and Affiliations

  • Robert Triffin

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