Dollar Crisis Research Articles

Gold and Dollar Crisis: The Future of Convertibility

Journal Article Gold and Dollar Crisis: The Future of Convertibility Get access Gold and Dollar Crisis: The Future of Convertibility. By Robert Triffin. New Haven, Conn., Yale University Press; London, Oxford University Press, 1960. xiii + 195 pp. Tables. 38s. Ralph Hawtrey Ralph Hawtrey Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume 37, Issue 1, January 1961, Page 81, https://doi.org/10.2307/2611532 Published: 01 January 1961

Gold and the Dollar Crisis

Gold and the Dollar Crisis

Gold and the Dollar Crisis

Gold and the Dollar Crisis

The Dollar Crisis, Causes and Cure: A Report to the Fabian Society

The Dollar Crisis, Causes and Cure: A Report to the Fabian Society

REVIEWS

Book reviewed in this article:Individualism and Economic Order. By Friedrich A. HayekEconomic Survey of Europe in 1949. Prepared by the Research and Planning Division of the United Nations Economic Commission for EuropeLangfristige Auslandskredite, By A. RadbruchIndustrial Peace in our Time. By Hubert SomervellThe Dollar Crisis; Causes and Cure. A Report to the Fabian Society. By T. BaloghThe Principles of Economic Planning. By W. Arthur LewisSocial Accounts and the Business Enterprise Sector of the National Economy. By F. Sewell BrayEmpire and Communications. By H. A. InnisEconomic Development of the Australian Iron and Steel Industry. By Neville R. WillsEuropean Steel Trends in the Setting of the World Market. Prepared by the Steel Division, Economic Commission for Europe (United Nations)History of the Bank of Ireland. By F. G. HallThe Measure of Gold: The Bole of Gold as International Money. By W. J. BusschauDemographic Yearbook, 1948.Final Report of the United Nations Economic Survey Mission for the Middle East, Parts I and IJ.Socialiser dans la Liberié, la vocation de I'Europe. By Georges LasserreHuman Action. A Treatise on Economics. By Ludwig von MisesThe Keynesian Revolution. By L. R. KleinEffects of Taxation ‐. Inventory Accounting and Policies. By J. Keith Butters and Powell NilandFirst Principles of Public Finance. By Antonio de Viti de Marco.Principles of Finance and Investment. By L. G. Whyte

Dollar Crisis: Causes and Cure.

Dollar Crisis: Causes and Cure.

The Dollar Crisis: Causes and Cure: a Report to the Fabian Society

The Dollar Crisis: Causes and Cure: a Report to the Fabian Society

The Dollar Shortage in Theory and Fact

The “shortage of dollars” seems unfortunately to mean all things to all men; hence we must try first to come to a precise definition of the problem. I have myself, in my personal affairs, experienced both a dollar crisis and a chronic shortage of dollars; and I suppose that most mortal creatures have the same difficulties, expressible equally well in terms of their own or of other countries' currencies. But in this sense, which is really nonsense, the “shortage” means only that we have not attained to an “economy of abundance.” Official pronouncements on the problem do not always escape this nonsense.A much more sophisticated interpretation of the dollar shortage, but one which I am sure must finally be rejected, is “an excess of dollars used over dollars supplied, the difference being made up by borrowing on short-term account from the United States and shipping gold to the United States.” The peculiar character of this definition of Professor Seymour Harris is dramatically shown by the dollar shortage of the thirties, which was marked—and indeed by common knowledge to a large extent caused—by the withdrawal of American short-term capital from Europe, and the flight of capital, mostly short-term, from Europe to the United States. Quite possibly Professor Harris might wish to extend his definition from an outflow of short-term capital from the United States to an inflow also, to be able to cover the European capital flight case. This solution would then apparently associate the idea of a dollar shortage with an undesirable short-term capital movement in either direction, but it would fail to specify in what respect the movement is undesirable. Furthermore, one would be forced to relinquish the idea of a dollar shortage in all cases in which no capital exports or imports take place.

Australia and the Dollar Crisis

Australia and the Dollar Crisis