IX. THE NECESSARY AND THE DESIRABLE RANGE OF DISCRETION TO BE ALLOWED TO A MONETARY AUTHORITY

Chapters in this book

1. Frontmatter i
2. CONTENTS iii
3. I INTRODUCTION 1
4. II MONEY IN A NEOCLASSICAL PERSPECTIVE 26
5. III MONETARY DISTURBANCES AND BUSINESS FLUCTUATIONS IN TWO CENTURIES OF AMERICAN HISTORY 61
6. IV THE CASE FOR A 100 PER CENT GOLD DOLLAR 94
7. V THE GOLD STANDARD: A REAPPRAISAL 137
8. VI PREDICTABILITY: THE CRITERION OF MONETARY CONSTITUTIONS 155
9. VII THE COMMODITY-RESERVE CURRENCY PROPOSAL RECONSIDERED 184
10. APPENDIX I: HITHERTO UNPUBLISHED LETTER OF LORD KEYNES TO BENJAMIN GRAHAM ON COMMODITY STOCKPILES AND PRICE STABILITY 215
11. APPENDIX II: RELATION BETWEEN WHOLESALE PRICE LEVELS OF "ALL COMMODITIES" AND OF A COMPOSITE OF FARM PRODUCTS AND METALS AND METAL PRODUCTS AT SELECTED INTERVALS, 1860 - I960 218
12. VIII SHOULD THERE BE AN INDEPENDENT MONETARY AUTHORITY? 219
13. IX. THE NECESSARY AND THE DESIRABLE RANGE OF DISCRETION TO BE ALLOWED TO A MONETARY AUTHORITY 244
14. X 100 PER CENT RESERVE BANKING 275
15. XI SOUND MONEY-WHY NEEDED AND HOW OBTAINABLE 305
16. XII. STABLE MONETARY GROWTH 322
17. INDEX 357