Category Archive: International currency reform

Aug 29

Have central banks given up on fixing global finance?

In an article in the Financial Times on August 28, “Central Banks have given up on fixing global finance”, Robin Harding concludes that, “a reliable backstop (to the international monetary system) is impossible when the international system relies on a national currency – the US dollar – as its reserve asset…. The answer is what …

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Jan 19

Towards a new international monetary framework

Yesterday, I participated in what was, for me, a very stimulating meeting of the Joint Task Force on International Monetary Reform at the Institute of Economic Affairs in a snow-bound London. It started with a debate over the origins of the financial crisis. Charles Dumas set out his “savings glut” theory, which states that the …

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Permanent link to this article: http://www.goldenguinea.com/towards-a-new-international-monetary-framework/

Dec 14

Joint Task Force on International Monetary Reform

The first meeting of a Joint Task Force (JTF) on international monetary reform was held at the Institute of Economic Affairs on Thursday, December 6th 2012. The JTF comprises a group of economists concerned that current international trade and monetary arrangements are a major impediment to sustainable economic recovery from the financial crisis that began …

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Permanent link to this article: http://www.goldenguinea.com/joint-task-force-on-international-monetary-reform/

Nov 07

City Book Fair November 13th 2012 – Preview of My Presentation on the International Financial Crisis

The international financial crisis is evolving very much as foreseen in The Golden Guinea.  The International Financial Crisis 2007-2014: Causes, Consequences and Cures, I am grateful to the organisers of next week’s City Book Fair at the Bishopsgate Institute, London EC2, for giving me the opportunity to present my analysis and proposed strategy for how it might be …

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Permanent link to this article: http://www.goldenguinea.com/city-book-fair-november-13th-2012-preview-of-my-presentation-on-the-international-financial-crisis/

Jul 22

Keynes, The Gold Standard and The Golden Guinea

In an article published in the London Times on July 20th, “Reality and discipline are gone with gold”, William Rees-Mogg, its distinguished former editor, bemoaned the passing of the Gold Standard and criticised Keynes as an advocate of the paper money system which, he argued, made possible the reckless lending and speculation that led to the current …

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Jul 07

Time for a New World Currency backed by Gold

The euro is not sustainable in its current form.  The imbalances between different Eurozone states – with Germany running large and persistent Payment surpluses, while Portugal, Ireland, Italy, Greece and Spain (the PIIGS) are battling with intractable deficits – will eventually lead to the breakdown of the entire system. The attempt by the PIIGS to address their Payment deficits …

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