An essential element of Keynes’ reforms was the concept of Bancor, which would have been the key to regulate commercial balance between countries.
The Bancor is an international currency made of several parameters (that I am not qualifiefd enough to explain more in detail). It would have been used by states to reevaluate each year the value of their own national currency, compared to others.
Hence, to cool down an aggressively exporting country, goverments would raise the value of its money compared to the Bancor, an exceedingly importing country would see its money value drop, all relating to the Bancor (again, only used by countries, not by individuals).
The goal would have been to stabilize and pacify the world economy by cooling down the overexporters and heating up underexporters with a unified monetary tool. Assuming that by regulating the value of the currency, you can control an ecosystem of trade balances.
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