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Excerpts from Gold and the Dollar Crisis Robert Triffin
Proposals for an International Clearing Union
The Stamp Plan1962 Version Sir Maxwell Stamp
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additional agreement amount arrangements assets balance of payments balance-of-payments deficit bancor Bernstein billion borrowing capital movements Clearing Union convertibility coun country's create currency countries demand devaluation dollar and sterling dollar balances Dollar Crisis domestic economic effect excess exchange rates expansion exports fixed exchange rates foreign exchange Fund's gold exchange standard gold reserves gold standard gold stock growth holdings IMF deposits imports increase inflation inflationary interest rates international liquidity International Monetary Fund international monetary system international payments international reserves investment key currencies key-currency lending liabilities loans ments monetary authorities monetary gold monetary reserves national currencies open-market operations over-all present price of gold problem proposed quotas ratio rencies reserve currency Robert Triffin shortage stability sterling balances supply surplus countries tion tional Triffin plan U.S. Congress U.S. dollars U.S. gold United Kingdom world central bank world liquidity world trade XIMF