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The Key Currency Proposal

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  • Raymond F. Mikesell

Abstract

I. Three approaches to the problem of international currency stability, 563. — II. What is a key currency? 567. — Importance of non-key currencies, 567; of stable relations between currencies, 569. — Other postwar currency problems overlooked, 570. — Uncertainty regarding proposed stabilization agreement between United States and Great Britain, 571. — The problem of exchange restrictions after the war, 572. — Many currencies are key currencies from standpoint of certain commodities, 574. — III. Alternatives facing nations of the world, 576.

Suggested Citation

  • Raymond F. Mikesell, 1945. "The Key Currency Proposal," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 59(4), pages 563-576.
  • Handle: RePEc:oup:qjecon:v:59:y:1945:i:4:p:563-576.
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    File URL: http://hdl.handle.net/10.2307/1883296
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    Cited by:

    1. Andrew T. Young & Alexander K. Blue, 2007. "Retail prices during a change in monetary regimes: evidence from Sears, Roebuck catalogs, 1938-1951," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(7), pages 763-775.
    2. Pavel Trunin & Sergey Narkevich, 2013. "Prospects for the Russian Ruble to Become Regional Reserve Currency," Working Papers 118, Gaidar Institute for Economic Policy, revised 2015.
    3. Narkevich, Siarhei & Trunin, Pavel, 2013. "Prospects for the Russian Ruble as a Regional Reserve Currency," Published Papers dok2, Russian Presidential Academy of National Economy and Public Administration.
    4. Sergey Narkevich & Pavel Trunin, 2012. "Reserve Currencies: Factors of Evolution and their Role in the World Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 162P.

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