Bordo, Michael D.
Reserves and Baskets /
Michael D. Bordo, Harold James.
- Cambridge, Mass. National Bureau of Economic Research 2011.
- 1 online resource: illustrations (black and white);
- NBER working paper series no. w17492 .
- Working Paper Series (National Bureau of Economic Research) no. w17492. .
October 2011.
We discuss three well known plans that were offered in the twentieth century to provide an artificial replacement for gold and key currencies as international reserves: Keynes' Bancor, the SDR and the Ecu( predecessor to the euro).The latter two of these reserve substitutes were institutionalized but neither replaced the dollar as the principal medium of international reserve.
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