Gold Standard and Reforms of The International Monetary System

This academic work is based on the study of the gold standard, its evolution over the years, their periods of boom and crisis. We will also discuss the arguments that some economists back the return to this monetary system.

Did Gold Remain Relevant in the Post-1971 International Monetary System?

The central hypothesis to be tested is the relevance of gold in the determination of the value of the US dollar as an international reserve currency after 1971. In the first section the market value of the US dollar is analysed by looking at new forms of value (financial derivative products), the dollar as a safe haven, the choice of a standard of value and the role of SDRs in reforming the international monetary system. Based on dimensional analysis, the second section analyses the definition and meaning of a numéraire for international currency and the justification for a variable standard of value based on a commodity (gold). The second section is the theoretical foundation for the empirical and econometric analysis in the third and fourth sections. The third section is devoted to the specification of an econometric model and a graphical analysis of the data. It is clear that an inverse relation exists between the value of the US dollar and the price of gold. The fourth section shows the estimations of the different specifications of the model including linear regression and cointegration analysis. The most important econometric result is that the null hypothesis is rejected in favour of a significant link between the price of gold and the value of the US dollar. There is also a positive relationship between gold price and inflation. An inverse statistically significant relation between gold price and monetary policy is shown by applying a dynamic model of cointegration with lags.

Latin America: international monetary system and external financing

Includes bibliography

Latin America and the International Monetary System: some comments and suggestions

Includes bibliography

Coyuntura monetaria internacional y la reforma del sistema = Present international monetary situation and the reform of the international monetary system

Incluye Bibliografía

Latin America and the International Monetary System: some comments and suggestions

Includes bibliography

External debt and the reform of the international monetary system

Includes bibliography

Plans for reform of the international monetary system.

Mode of access: Internet.

The dollar; a study of the "new" national and international monetary system,

"First edition."

The revolt of the bankers in the international economy: a world without a monetary system

Includes bibliography

Beyond Bretton Woods: what international monetary and financial system for the twenty-first century?

Includes bibliography