A Tract on Monetary Reform
1923 book by John Maynard Keynes
A Tract on Monetary Reform is a book by John Maynard Keynes, published in 1923. 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.[1]
References
- ^ Moggridge, D. E. (1992). Maynard Keynes : an economist's biography. London: Routledge. p. 415. ISBN 0-415-12711-4.
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John Maynard Keynes
- The Economic Consequences of the Peace (1919)
- A Treatise on Probability (1921)
- A Tract on Monetary Reform (1923)
- A Treatise on Money (1930)
- The General Theory of Employment, Interest and Money (1936)
- How to Pay for the War (1940)
- John Neville Keynes (father)
- Florence Ada Keynes (mother)
- Geoffrey Keynes (brother)
- Lydia Lopokova (wife)
- Richard Keynes (nephew)
- Quentin Keynes (nephew)
- Milo Keynes (nephew)
- Stephen Keynes (nephew)
- Keynes family
- Bloomsbury Group
John Maynard Keynes
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