Abstract
ABSTRACTThis lecture discusses the work by the Estonian economist Ragnar Nurkse (1907–1959). It focuses on the early Nurkse, who was concerned with exchange rates, capital flows and what today we call the international financial architecture. It asks how many of the conclusions of International Currency Experience [Nurkse, R. (1944). International Currency Experience. Geneva: League of Nations.] survive. How many of Nurkse’s points about the interwar gold standard are confirmed by subsequent scholarship? How many of his points are still relevant to the international monetary problems of today?
Highlights
I will be focusing on the early Ragnar Nurkse, who was concerned with exchange rates, capital flows and what today we call the international financial architecture
There was a late Ragnar Nurkse, who made important contributions to the theory and practice of economic development. It is with the early Nurkse, and his book from 1944, International Currency Experience, that my own interests coincide
How many of Nurkse’s points about the interwar gold standard are confirmed by subsequent scholarship? And second, how many of his points are still relevant to the international monetary problems of today?1 So what are those key points?
Summary
I will be focusing on the early Ragnar Nurkse, who was concerned with exchange rates, capital flows and what today we call the international financial architecture.
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