Our International Monetary System; Yesterday, Today, and Tomorrow

accumulated agreement automatic balance of payments balance-of-payments billion Borrow Britain capital movements central banks commodity money coun country's credit money debtor deficit countries deposits devaluation dollar and sterling drawing rights European Economic Community exchange rates exchange-rate expansion fiduciary money fiduciary reserves financing fluctuations France Fund's future Gold Conversion Account gold metal gold production gold standard gold-exchange standard gross reserves Group growth impact inflationary international monetary reform international monetary system international reserve international reserve system investments IOU's lending liabilities liquidity long-run major ment monetary authorities monetary gold monetary reform monetary reserves Money Maze money supply national currencies national monetary negotiations noninflationary overall participating countries percent Princeton problem proposals readjustment Report reserve assets reserve centers reserve creation reserve currencies reserve increases reserve levels Robert Triffin settlements short-term stability sterling balances surplus countries Table tion tional total reserves trade United Kingdom United States dollars voting world reserve pool