ABSTRACT
All the monetary reform proposals which have been dealt with in the foregoing chapters are schemes designed for application in particular countries, independently of the attitude of the rest of the world. Most of those who advocate these reform proposals would, of course, favour an international monetary policy based on the adoption of their respective schemes by all countries or at any rate by all important countries. Failing that, however, they advocate various national solutions of the monetary problem. In many instances, however, the would-be reformers have given up hope of international solutions, and their schemes are based on the assumption that their country must work out its salvation independently of the attitude of other countries. They propose, in fact, alternative solutions to international co-operation.
