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An Overview of the Monetary Reform Problem
The Rise of the DollarCentered System
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Atlantic countries Atlantic nations Bretton Woods system commitments consensus constraints costs decline dollar holdings dollar price dollar-denominated assets domestic employment European central banks exchange controls exchange market exchange rate system finance floating exchange rates floating rate system flow aspect foreign central banks foreign exchange value French franc Fund growth of SDRs imbalances institutional arrangements International Monetary Fund international monetary policy international monetary reform international money international reserve assets investors involves limping dollar standard liquid dollar assets ments monetary authorities monetary gold price monetary price national monies numeraire overvalued parity payments balance payments surpluses pegged exchange rates political price level price of gold rate of growth reduce relative rules Smithsonian Agreement store of value Swiss francs system of pegged U.S. authorities U.S. dollar U.S. economic U.S. gold holdings U.S. inflation U.S. initiative U.S. interest U.S. international U.S. national interests U.S. payments deficit U.S. policy U.S. price U.S. Treasury United