Gold
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
03 Jan 1977
Keywords:
PAM; representative rate; currencies of the United States; unit of account; gold-value clause; currency of a member; fund object; Currencies; Gold; International monetary system; Exchange rates; Exchange rate policy; West Africa; Europe; Global; exchange arrangement; deutsche mark; terms of the SDR; value of the SDR; Commodity markets; Gold reserves

Abstract

The section above, entitled Special Drawing Rights, deals to a large extent with efforts to find a suitable unit of account in lieu of gold or a unit of account based on gold for the purposes of a growing number of treaties. This section deals with certain problems connected with gold-value and other value clauses. Some of these problems arise under domestic legislation that gives effect to treaties that are going to be amended or supplanted but were still in force without change on the date relevant to the problem under consideration. The domestic legislation continued, therefore, to refer to gold value.

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Cover Floating Currencies, SDR's & Gold Further Legal Developments
Floating Currencies, SDR's & Gold Further Legal Developments
ISBN:
9781451958195
ISSN:
0538-8759
Publication Date:
03 Jan 1977
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781451958195.054
Pages:
116