Globalization and an International Monetary Clearing Union
This paper has been included in the publication
“Ideas towards a new international financial architecture?”
What is required today is a modern day variant of the “Keynes Plan” that was presented at Bretton Woods– but was vetoed by Harry Dexter White , the leader of the US delegation to Bretton Woods. This paper provides the economic explanation of why the principles behind the “Keynes Plan” are essential to improve the international payment and financial system and then describes how a 21 century International monetary Clearing Union would operate.
Paul Davidson, email@example.com, Holly Chair of Excellence Emeritus, University of Tennessee