Proceedings of the Conference
held in Rome
17th November 2000
CONTENTS
FOREWORD by Haruko Fukuda ........................................................................................... 5
LIST OF SPEAKERS ................................................................................................................ 7
THE EURO, THE DOLLAR AND GOLD
by Antonio Fazio, Governor, Banca d’Italia ........................................................................ 11
English translation ............................................................................................................ 17
THE RELATIONSHIP BETWEEN CURRENCIES AND GOLD
by Robert Mundell .......................................................................................................... 23
BUILDING CONFIDENCE IN CURRENCIES AND THE EXCHANGE RATE SYSTEM
by Theo Waigel ................................................................................................................ 32
LESSONS OF ECONOMIC HISTORY
by Peter Bernholz ............................................................................................................. 38
GOLD BACKING FOR CURRENCIES - THE ROLE OF CURRENCY BOARDS
by Steve Hanke ................................................................................................................ 42
OBSTACLES TO GOLD FULFILLING ITS POTENTIAL - THE PROBLEM OF THE IMF’S ARTICLES
by Dick Ware ................................................................................................................... 46
A VIEW FROM JAPAN
by Yukio Yoshimura ......................................................................................................... 51
Panel Discussion .............................................................................................................. 52
THE ROLE OF GOLD IN EXTERNAL RESERVE MANAGEMENT
Introduction by Giacomo Panizzutti .................................................................................. 55
DOES CENTRAL BANK LENDING AFFECT THE GOLD PRICE?
by Anthony Neuberger ..................................................................................................... 56
A NEW ROLE FOR GOLD
by Hervé Ferhani ............................................................................................................. 61
Panel Discussion .............................................................................................................. 67
THE FUTURE OF GOLD BANKING
Introduction by Antonio Martino ..................................................................................... 69
NEW FRONTIERS IN GOLD BANKING
by Ian McCannah ........................................................................................................... 71
NEW MONEY FOR THE NEW ECONOMY
by Douglas Jackson .......................................................................................................... 82
Panel Discussion .............................................................................................................. 91
THE CASE FOR A GOLD EURO COIN
Chaired by Antonio Martino ............................................................................................ 95
Philippe Sassier ................................................................................................................ 95
Peter Schmidhuber ........................................................................................................... 97
Tom Butler ...................................................................................................................... 98
Edmond Alphandéry ..................................................................................................... 100
Questions and comments ............................................................................................... 104
CLOSING REMARKS by Robert Pringle ............................................................................... 107
Source: http://www.gold.org/search/site/RomeProceedings.pdf