Archive | International Monetary System

The following points highlight the top twelve measures to solve the problem of international liquidity. Measure # 1. Robert Triffen's Plan: Prof. Robert Triffen organised this plan in 1958 to remove the problem of international liquidity. Under this plan, the member countries are either required to deposit their currencies in the Central Bank or to transfer their foreign exchange reserves [...]

Read this article to learn about the features of International Monetary System after Jamaica plan 1976. (a) Problem of Dethroning Gold: Gold held the centre of the world monetary system for over thirty years after the Bretten Woods in 1946 made it the peg for all currency values. The exchange rates were determined on the basis of gold parity. Gold [...]