The International Financial Order

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I was invit­ed to give a speech on that top­ic to the Sec­ond Meet­ing of Min­is­ters of Finance of the CELAC in Quito, Ecuador today (Novem­ber 29 2013). In it I out­lined Key­nes’s Ban­cor pro­pos­al from Bret­ton Woods, explained why White’s plan was adopt­ed instead, sup­port­ed the pro­pos­al by Zhou Xiaochuan, the Gov­er­nor of the Cen­tral Bank of Chi­na, to insti­tute Key­nes’s scheme, and pro­posed that Latin Amer­i­ca could try a region­al ver­sion of the same via the Bank of the South.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.