S-Space College of Business Administration/Business School (경영대학/대학원) Institute of Management Research (경영연구소) 경영논집 경영논집 vol.05 (1971)
WEAKNESSES IN THE PRESENT INTERNATIONAL MONETARY SYSTEM
- Lee, Dong Hyuk
- Issue Date
- 서울대학교 경영연구소
- 경영논집, Vol.5 No.3, pp. 28-55
- In view of the persistent deficit in the U.S. balance of payments, the failure of new gold production to keep pace with the expansion of world trade, the recent worsening in the U.S. trade position and the rapid decrease official gold holdings, the frequent devaluation of British sterling, the two price gold agreement of 1968, and the franc-mark crises of 1968, the agreement of the creation of SDR’s, and the U.S. termination of convertibility of dollar claims into gold, it is not surprising that there has been much debate on major changes or reforms in the world monetary and payments system.