Rethinking Global Trade: The Bancor Proposal

This chapter explores the concept of Bancor, a proposed international currency aimed at correcting trade imbalances through interest charges. The discussion navigates the potential impacts of such a system on global trade dynamics, particularly for the U.S., while reflecting on modern applications of Keynesian economic principles. It critically examines the implications of evolving monetary policies and their ability to stimulate demand and support developing nations.

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