A Tract on Monetary Reform

In this article we are going to explore A Tract on Monetary Reform, a topic that has captured the interest of many people in recent times. A Tract on Monetary Reform is a source of debate and discussion in today's society, and has an important impact on various aspects of daily life. Throughout this article, we will examine different perspectives and opinions on A Tract on Monetary Reform, as well as its relevance to our culture, history, and future. With a critical and reflective look, we will try to shed light on this topic that is so relevant today, offering different approaches and arguments that invite reflection and debate.

A Tract on Monetary Reform is a book by John Maynard Keynes, published in 1923.[1] Keynes presented an argument in favour of a policy that would try to stabilize the domestic price level. He argued that the Bank of England had the policy tools available to provide a semblance of price stability through its stance on interest rates and its capacity to manage the reserves of the banking sector. Keynes believed that domestic price stability was accompanied by exchange rate flexibility. After years of experience, he did not favour floating exchange rates and proposed what is today called a crawling peg.[2]

References

  1. ^ Keynes, John Maynard (1923). A Tract on Monetary Reform (PDF). Macmillan and Co., Ltd. – via Internet Archive.
  2. ^ Moggridge, D. E. (1992). Maynard Keynes : an economist's biography. London: Routledge. p. 415. ISBN 0-415-12711-4.


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