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The world monetary system after postponement of the substitution account

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  • Monetary Policy
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Intereconomics

Abstract

Recently the Interim Committee of the International Monetary Fund met in Hamburg without making significant progress on the proposal for a substitution account. One of the main initiatives toward restructuring the international monetary system thus was postponed if not indefinitely suspended. What problem was the substitution account designed to solve? Can it be solved without the substitution account?

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Authors and Affiliations

  1. Board of Governors of the Federal Reserve System, Washington, D. C.

    Henry C. Wallich

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  1. Henry C. Wallich
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Wallich, H.C. The world monetary system after postponement of the substitution account. Intereconomics 15, 163–167 (1980). https://doi.org/10.1007/BF02930845

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  • DOI: https://doi.org/10.1007/BF02930845

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