Market Ticker Forums
Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
Rss Icon RSS available You are not signed on; if you are a visitor please register for a free account!
Sponsored Advertising
To remove advertising from your display upgrade to Gold Donor status
MarketTicker Forums Read Message in FX
User: Not logged on
Top Forum Top Login Control Panel FAQ Register Logout
User Info World Bank: Consider Gold in Overhaul of Bretton Woods, in forum [FX]
Tsk
Posts: 2292
Incept: 2008-01-20

Indiana
Report This As A Bad Post Add To Your Ignored User List Ignore this thread
http://www.bloomberg.com/news/2010-11-07....

Consider Gold in Overhaul of Bretton Woods, World Bank Head Writes in FT
By John Simpson - Nov 7, 2010 5:27 PM ET
Tweet (3) LinkedIn Share Print Email
The development of a monetary system to follow on from 1971’s Bretton Woods II will take time, but it’s time to start, World Bank President Robert Zoellick writes in the Financial Times.

This week’s summit of the Group of 20 leading economies in Seoul presents a test of international cooperation offering an opportunity for a key group of G20 countries to agree on parallel agendas of structural reform, Zoellick writes.

For instance, the U.S. and China could reach agreement on mutually reinforcing moves to stimulate further growth, such as a course for yuan appreciation, or a move to wide bands for exchange rates, the World Bank chief writes.

Other major economies should agree to forgo currency intervention, except in rare situations agreed to by others, Zoellick says. These moves would help emerging economies to deal with asymmetries in recoveries by applying flexible exchange rates and independent monetary policies, he writes.

The system should evaluate using gold as a reference point...
(snip...)

Tsk
Posts: 2292
Incept: 2008-01-20

Indiana
Report This As A Bad Post Add To Your Ignored User List
Link to Financial Times article:

http://www.ft.com/cms/s/0/5bb39488-ea99-....

Top Forum Top Login Control Panel FAQ Register Logout