bancor
E57023
Bancor was a proposed supranational currency unit conceived by John Maynard Keynes for use in an International Clearing Union to stabilize global trade and payments after World War II.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Bancor | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
proposed supranational currency unit
ⓘ
theoretical currency ⓘ |
| aimedAtProblem |
asymmetry between creditor and debtor nations
ⓘ
deflationary bias in international monetary systems ⓘ |
| backedBy |
basket of commodities
ⓘ
internationally traded goods ⓘ |
| category |
Keynesian proposals for monetary reform
ⓘ
proposed currencies ⓘ |
| clearingInstitution | International Clearing Union ⓘ |
| conceptionBy | John Maynard Keynes ⓘ |
| debatedWithAlternativePlan | Harry Dexter White plan ⓘ |
| designedBy | John Maynard Keynes ⓘ |
| designedToBe |
non‑national currency
ⓘ
politically neutral reserve asset ⓘ |
| field |
international economics
ⓘ
monetary economics ⓘ |
| goal |
discourage large current account deficits
ⓘ
discourage large current account surpluses ⓘ prevent persistent trade imbalances ⓘ stabilize global trade ⓘ stabilize international payments ⓘ |
| historicalPeriod |
World War II
ⓘ
surface form:
World War II era
|
| influencedBy | Keynesian economics ⓘ |
| influencedLaterDebatesOn | reform of the international monetary system ⓘ |
| intendedUse |
clearing international payments
ⓘ
settlement of international balances ⓘ unit of account for international trade ⓘ |
| languageOfName | French ⓘ |
| mechanismIncluded |
automatic penalties for deficit countries
ⓘ
automatic penalties for surplus countries ⓘ |
| monetarySystemType | multilateral clearing system ⓘ |
| nameMeaning | bank gold ⓘ |
| notAdoptedBecause |
opposition from United States negotiators
ⓘ
preference for US dollar as reserve currency ⓘ |
| proposedAlternativeTo |
US dollar–centered system
ⓘ
gold exchange standard based on the US dollar ⓘ |
| proposedAtConference | United Nations Monetary and Financial Conference ⓘ |
| proposedAtEvent |
United Nations Monetary and Financial Conference
ⓘ
surface form:
Bretton Woods negotiations
|
| proposedByCountry | United Kingdom ⓘ |
| proposedDate | early 1940s ⓘ |
| proposedForInstitution | International Clearing Union ⓘ |
| proposedInContextOf | post–World War II international monetary reform ⓘ |
| relatedConcept |
Special Drawing Rights
ⓘ
clearing union ⓘ international reserve currency ⓘ |
| status | never implemented ⓘ |
| unitRole |
international reserve asset
ⓘ
international unit of account ⓘ |
| valuationMethod | linked to commodity prices ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.