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1994•RePEc: Research Papers in EconomicsOpen access

History and Reform of the International Monetary System

Barry Eichengreen, Eichengreen, Barry

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Abstract

This paper surveys the history of the international monetary system and considers alternatives for its reform. It first identifies three necessary conditions for international monetary stability. It then uses them as a basis for analyzing the functioning of alternative international monetary arrangements. The paper concludes with reflections on international monetary reform.

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This paper surveys the history of the international monetary system and considers alternatives for its reform. It first identifies three necessary conditions for international monetary stability. It then uses them as a basis for analyzing the functioning of alternative international monetary arrangements. The paper concludes with reflections on international monetary reform.

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OpenAlex reports 7 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper surveys the history of the international monetary system and considers alternatives for its reform. It first identifies three necessary conditions for international monetary stability. It then uses them as a basis for analyzing the functioning of alternative international monetary arrangements. The paper concludes with reflections on international monetary reform.

Key concepts: Monetary system, Monetary hegemony, Economics, International finance, Monetary policy, Monetary reform, Monetary economics, International economics

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