INTERNATIONAL MONETARY OPTIONS
Robert A. Mundell
Five Observations on the International Monetary System
"...Stabilization of the price of gold would be a gigantic step toward stabilizing the value of international reserves, and the creation of a suitable world central bank would be, over the future, an indispensable instrument for the resolution of the world debt crisis."
Source: http://www.cato.org/pubs/journal/cj3n1/cj3n1-12.pdf
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