A Proposal to Reform the World Monetary System Lawrence Krause 1971 Bretton Wood

Description: To improve the efficiency of listing items on eBay, we provide many photos with each listing of the exact product we’re selling, rather than writing out excessive details. We will make note of any potential issues that are not obvious from the photos. PLEASE visually inspect the photos for this item prior to purchase. 📖🔍👀 ***NOTES ON CONDITION***Publication’s overall condition: acceptable (cover has significant wear but acceptable grading is due to significant highlighting and underlining. The entire booklet is readable and the highlighting/underlining eventually stops towards the end of the book)Type: paperback booklet Cover (overall): has wear/rubbing. Someone wrote a number in marker on the cover and a faint X over the back of the cover Binding health: good Cigarette smoke damage: none Water/moisture damage: none Paper health: good Writing/highlighting: extensive (see photos) ***REGINALD’S RULES*** You work hard for your money! Don’t risk purchasing from a seller who can’t be bothered to upload more than a stock photo, one or two poorly framed and blurry photos, or who drowns their images in filters to hide flaws. You deserve nice things! ✨📚✨We ONLY upload original photos with every listing. We NEVER use stock images, photo filters, photoshop or AI. We NEVER adjust the contrast or colors to hide flaws or fading. We CAREFULLY package every purchase to ensure it arrives safe and sound ***SHIPPING & HANDLING*** We are a small business but we try to keep our shipping and handling expenses to a minimum. However, it is important to us that your book arrives safe and sound. To cut down on waste, we reuse CLEAN shipping materials to help secure and protect items. Handling: We make sure every item sold is safely secured in its envelope or box by using cushioning materials, such as padded envelopes or bubble wrap. For paperback or thin items, we use rigid cardboard to prevent it from being bent or folded. We also include instructions on our packages not to bend or fold, and specify the contents are a paper item.Shipping: We typically ship via USPS Media Mail or First Class Large Envelope. If neither of those options are available, we use USPS ground. Turnaround: We don’t print shipping labels until your product is ready to ship and we ship most orders within one business day but never more than two. —— From back cover: Sequel to BRETTON WOODS A PROPOSAL TO REFORM THE WORLD MONETARY SYSTEM A staff paper by LAWRENCE B. KRAUSE When President Nixon announced his New Economic Policy on August 15, 1971, he had two international objectives in mind: (1) immediate correction of the overvaluation of the dollar in order to make U.S. products more compotitive in world markets, and (2) reform of the international monetary system to ease the burden on the United States and relieve the system's dependence on gold. In suspending the dollar's convertibility into gold, he acknowledged what had become clear to many in the preceding months — that the highly successful international monetary system designed at Bretton Woods in 1944 is today in serious trouble. The author of this analysis contends that the Bretton Woods system needs a major overhaul if it is to function effectively in the changed economic environment of the 1970s - without the periodic crises that have jarred the industrial countries in recent years. He describes the events leading to the President's action on August 15, explains what ails the Bretton Woods system, and suggests reforms that could enable it to avoid long-term liquidity, con-fidence, and payments problems. His proposals take full account of current realities, yet are broad enough to encompass the future possibilities for world trade. Lawrence B. Krause, a senior fellow in the Brookings Economic Studies program, has written or contributed to several books on international eco-nomics, including European Economic Integration and the United States (Brookings, 1968) and (with Kenneth W. Dam) Federal Tar Treatment of Foreign Income (Brookings, 1964). THE BROOKINGS INSTITUTION Washington, D.C.

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End Time: 2025-01-09T09:19:35.000Z

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