After the war, a lively debate among politicians and economists started about the future of the international monetary system.
Abandoning this assumption produces further insight into the behavior of the monetary system, and monetary instability.
In the present monetary system of -exible exchange rates such currency movements as represented by the troop cost pose no particular problem.
There is no question that they functioned as financial clearing houses, but these were indirect functions of their dominant position in the international monetary system.
A revived agriculture was essential to national well-being, but reform of the monetary system was essential if there were to be an agricultural revival.
These authors propose the problem of choices among macroeconomic policies as the very lynchpin with which to understand the history of the international monetary system.
It was also part of the general crisis in the international monetary system.
As the country developed economically, and a monetary system became thoroughly established, individual incomes began to be taxed.
