Economics
A Tract on Monetary Reform
Writing during post-World War I monetary instability, Keynes argues that countries should prioritize domestic price stability over fixed exchange rates.
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Om denne boken
"A Tract on Monetary Reform" by John Maynard Keynes is a book published in 1923. Writing during post-World War I monetary instability, Keynes argues that countries should prioritize domestic price stability over fixed exchange rates. He critiques the gold standard as a "barbarous relic" and proposes managed monetary policy using interest rates and banking reserves. Rather than freely floating currencies, he advocates for a "crawling peg" system where exchange rates adjust gradually—a middle path between rigid and floating regimes.
- Format
- EPUB
- Språk
- Engelsk
- Omfang
- 202 sider
- Utgitt
- 1. januar 1923
Detaljer
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