Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

a supranational currency imagined by Keynes between 1940–1942 and which the UK proposed to introduce after WWII; it could then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded

Highlighted phrases

bancor



An international fund would be created to play the role of the world's central bank and issue its currency--the bancor, as Keynes provisionally named it.

—p.25 And the Weak Suffer What They Must (13) by Yanis Varoufakis
notable
3 years, 6 months ago


The key role played by this new international central bank – the ICU – would be to manage flows of money between states, and to use a new currency, bancor, as the relevant currency. (In other words, a neutral currency, not the currency of one imperial power.)

—p.150 Subordinating Finance, Restoring Democracy (131) by Ann Pettifor
notable
3 years, 5 months ago