ENGLISH

A Tract on Monetary Reform

By Keynes , John Maynard

Book information

Publisher
Royal Economic Society
Year
2012
ISBN
9781139520638, 1139520636
Language
english
Format
PDF
Filesize
9 MB (9786137 bytes)
Series
The Collected Writings of John Maynard Keynes
Volume
4
Edition
2nd ed.
Pages
172\194
Topic
Economy
Time added
2020-01-12 22:24:28

Description

Once the urgent problems of reparations, which had deeply troubled Keynes at the Peace Conference at Versailles, were on their way towards solution, Keynes turned to the equally grave problems of the currencies of Europe and their adjustment to the post-war world. These issues had been discussed in the series of Reconstruction Supplements of the Manchester Guardian Commercial that he had edited during 1922. In the Tract Keynes drew heavily on his own contributions to that series. This edition makes available the variations between the texts. The Tract remains of interest in three respects. First, it shows the state of Keynes's thinking about monetary problems and the causes of inflation in the early 1920s. Second, it provides one of the clearest expositions ever written of the determination of forward exchange rates. Third, it shows Keynes already favouring flexible exchange rates as a means of allowing independence in national economic policy.  Read more...

Similar books