Autore
Nania, Albertina

Titolo
Redesigning the International Monetary System. Intellectual Influences and the Return of the Special Drawing Rights: An Open Issue
Periodico
History of economic thought and policy
Anno: 2022 - Fascicolo: 2 - Pagina iniziale: 123 - Pagina finale: 129

The paper suggests to explore the theoretical and cultural influences on the re-forms made to the International Monetary System since the 1960s, when Triffin?s Dilemma ?was apparent for all to see?, as Volcker suggested. Schmelzer argues that ?when Milton Friedman published his article calling for flexible exchange rates in 1953, less than 5 percent of economists around the world shared his view,? while in the late 1960s, ?about 90 percent of economists did, and they were joined by powerful figures within the government and banking community?. Such con-sensus contributed to strengthening the influence of neoliberal theories not only in the scientific environment of economists, but also and especially in the terrain of the directions taken internationally by political and financial institutions.



SICI: 2240-9971(2022)2<123:RTIMSI>2.0.ZU;2-P
Testo completo: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=72336&Tipo=Articolo PDF

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