5 articles in this issue
F. MACHLUP
In this article the author deals yet again with the analysis of Euro-dollars, responding to two articles by Fratianni and Savona and by Mayer. The issues dealt with are as follows: Xeno-currencies, Euro-dollars, credit creation, deposit creation; measurin... see more
D. PATINKIN
The monetarist revival of the last decade and more has been accompanied by a renewed interest in the nature of the quantity theory before Keynes. In this connection modern-day adherents of this theory seem to have claimed too much for it, and correspondin... see more
J.S.G. WILSON
Canada provides one of the leading examples of a country in which the development of a money market has been officially encouraged and assisted. In particular, the Canadian experience emphasises what can be achieved in quite a short space of years, given ... see more
S.I. KATZ
The exchange-rate system established at Bretton Woods was intended to combine a fixity of the par-value of each member’s currency in the short run with a flexibility of the parity in the longer-run. Because of this emphasis on the fixity of the spot rates... see more
J. WILLIAMSON
One probable consequence of the Dollar crisis is the initiation of an attempt to effect a major reform of the international monetary system. The agenda for any future discussions on reform is bound to be long and varied. The present article, rather than p... see more