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  1. Working Paper

    Conference paper

    Combining International Monetary Reform with Commodity Buffer Stocks : Keynes, Graham and Kaldor

    By Leanne Ussher

    Apr 2011

    Central to John Maynard Keynes (1941) original Bretton Woods proposal was an international clearing union that would issue a new international currency by fiat called bancor. Among other functions, this international central bank would finance the stabilization of individual commodity prices through commodity buffer stocks.