ABSTRACT

A. The Present System: 1. Foreign reserves, their growth, composition, and distribution; 2. The International Monetary Fund ■ B. Charges against the System: 1. Difficulties with the balance of payments; 2. Inadequacy of international reserves; 3. Danger of collapse ■ C. A Selection of Plans: 1. Extension of the gold-exchange standard; 2. Mutual assistance among central banks; 3. Centralization of monetary reserves; 4. Increase in the price of gold; 5. Freely flexible exchange rates ■ D. Concluding Remarks