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Quarterly Journal of Economics Vol. 74 No. 4 1960

International Liquidity and the Balance of Payments of a Reserve-Currency Country

Peter B. Kenen

Columbia University

Abstract

I. The framework of a simpre gold-exchange standard, 572. — II. The system's response to changes in the gold content of reserves, 573. — III. The stability of the system, 579. — IV. Implications for policy, 582. —Appendix: piivate balances and the stability of the system, 583.

DOI
10.2307/1884352
Volume
74
Issue
4
Pages
572
Sources
openalex crossref

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