Keynes, John Maynard, 1883-1946

A Tract on Monetary Reform - 1 online resource : multiple file formats

American edition (New York, Harcourt, Brace and company) has title: Monetary reform. Wikipedia page about this book: https://en.wikipedia.org/wiki/A_Tract_on_Monetary_Reform Release date is 2021-05-08

Tim Lindell, Charlie Howard, and the Online Distributed Proofreading Team at https://www.pgdp.net (This book was produced from images made available by the HathiTrust Digital Library.) Tim Lindell, Charlie Howard, and the Online Distributed Proofreading Team at https://www.pgdp.net (This book was produced from images made available by the HathiTrust Digital Library.)

"A Tract on Monetary Reform" by John Maynard Keynes is a book published in 1923. Writing during post-World War I monetary instability, Keynes argues that countries should prioritize domestic price stability over fixed exchange rates. He critiques the gold standard as a "barbarous relic" and proposes managed monetary policy using interest rates and banking reserves. Rather than freely floating currencies, he advocates for a "crawling peg" system where exchange rates adjust gradually—a middle path between rigid and floating regimes. (This is an automatically generated summary.)



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