The International Monetary System: Conflict and Reform

Association of Canada balance of payments billion blocs burden of adjustment buying and selling Canadian Labour Congress Canadian Trade Committee capital central banks Chairman and President commodities Company of Canada confidence problem cost countries want crisis deficit country deflation depreciation devaluation develop dollar and sterling dollar standard dominant centres economic effects equilibrium exchange-rate exchange-rate changes expansion financial centres fiscal policy fixed exchange rates flexible exchange rates flexible rates fluctuate foreign exchange France Fund gold certificates gold exchange standard gold price gold standard gold standard system increase inflation internal balance international monetary system international reserve asset mechanism ment miscalculation monetary authorities monetary policy Montreal Ontario optimum currency area outer countries par value percent political price of gold Private Planning Association Quebec reform reserve centre reserve country reserve currency sell gold small country speculation sterling area surplus countries thaler Toronto unemployment world central bank world reserves