From the Gold Standard to the Multi-Reserve-Currency System
Do we have a multi-reserve-currency standard today, or are the individual currencies subordinated to one key currency? Has there ever been a “true key currency”, say the gold standard prior to World War II? Two central questions which occupied the speakers and panel members at the 9th National Symposium of the Institute for Bank-Historical Research. Central questions, the answers to which greatly influence the assessment of historical developments and current debate.