Logo
Munich Personal RePEc Archive

A New World Monetary System: Keynes' view revisited

Mohammed, Shehu Tijjani (2009): A New World Monetary System: Keynes' view revisited.

[thumbnail of MPRA_paper_18453.pdf]
Preview
PDF
MPRA_paper_18453.pdf

Download (101kB) | Preview

Abstract

This essay critically examines the view of Keynes on the reform of the international monetary system. We then apply modern monetary and banking theory, where money is redefined as a pure numerical vehicle in contrast to money being defined as a net asset, to appraise those elements that are required for a functioning and efficient international monetary system. It is suggested that Keynes’ view are still very much relevant today if the world is to move from the present non-system of international monetary arrangements to a system where currencies would no longer be perceived as net assets and countries would no longer be grouped as key and non-key currency countries.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.