[no subject]

["g kohler" <gktbg1@xxxxxxxxxx>]

Leigh and Gunnar ? thanks for your interesting comments on Stiglitz, ?Global
Greenbacks?.

Here is some pertinent statistical information:
(1) I checked Stiglitz?s figure of globally aggregated reserves, which he
gives as US $1.6 trillion.
Using World Bank data, I found a similar total of ?Gross International Reserves?
 (year 1995, all countries, current US $) = US$ 1.7 trillion.
(2) Next, I compared 1995 with 1970 (not absolute figures, but reserves
as a percent of GDP)
The median Gross International Reserves as % of GDP (for all countries with
available data) are as follows:
Median (1970) =  4.3%
Median (1995) =  9.7%
That suggests that reserve requirements under the bastard-Keynesian international
regime (1970) were substantially lower than they are under the current global
bastard-neoliberal regime (1995).

Kind regards,
Gernot Kohler


You wrote:
      > > >
      Re: global chartalism and/or Stiglitz?
      by Leigh Harkness
      17 April 2002 22:11 UTC < < <
. . . snip>

Stiglitz' Global Greenbacks Idea< < <
      > > >
      Stiglitz' Global Greenbacks Idea
      by Gunnar Tomasson
      20 April 2002 20:50 UTC
. . . snip>




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