Ramón Tamames

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Last quote by Ramón Tamames

From the year 1944 until 1971, the world had a universal currency without realising it! It was the International Monetary System governed by the IMF, but that was destroyed (with the removal of the gold standard) and instead we got floating rates that have caused so many crises. The advantages of a global currency are: wide financial stability and the removal of transaction costs. Besides it would allow less developed countries, that now have worthless domestic currencies, to have a real currency.feedback
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Jul 05 2010 IMF
This page is completely dedicated to what Ramón Tamames has to say. All of Ramón Tamames’s quotes are organized here by date and topic. The most recent quote attributed to Ramón Tamames came from an article called Focus Asia - Astana Economic Forum: “From the year 1944 until 1971, the world had a universal currency without realising it! It was the International Monetary System governed by the IMF, but that was destroyed (with the removal of the gold standard) and instead we got floating rates that have caused so many crises. The advantages of a global currency are: wide financial stability and the removal of transaction costs. Besides it would allow less developed countries, that now have worthless domestic currencies, to have a real currency.”.
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