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The world monetary system after postponement of the substitution account

By Henry C. Wallich

Abstract

Recently the Interim Committee of the International Monetary Fund met in Hamburg without making significant progress on the proposal for a substitution account. One of the main initiatives toward restructuring the international monetary system thus was postponed if not indefinitely suspended. What problem was the substitution account designed to solve? Can it be solved without the substitution account

Topics: ddc:330, Monetary Policy
Publisher: Springer Heidelberg
Year: 1980
DOI identifier: 10.1007/BF02930845
OAI identifier: oai:econstor.eu:10419/139683
Provided by: EconStor

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