Zoellick seeks gold standard debate
Posted: Sun Nov 07, 2010 9:10 pmZoellick seeks gold standard debate
Leading economies should consider readopting a modified global gold standard to guide currency movements, argues the president of the World Bank.
Writing in the Financial Times, Robert Zoellick, the bank’s president since 2007, says a successor is needed to what he calls the “Bretton Woods II” system of floating currencies that has held since the Bretton Woods fixed exchange rate regime broke down in 1971.
http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14eJ1dzaV
Leading economies should consider readopting a modified global gold standard to guide currency movements, argues the president of the World Bank.
Writing in the Financial Times, Robert Zoellick, the bank’s president since 2007, says a successor is needed to what he calls the “Bretton Woods II” system of floating currencies that has held since the Bretton Woods fixed exchange rate regime broke down in 1971.
http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14eJ1dzaV