Abstract
This chapter comprises answers to a number of questions that are often asked about the Grondona system by people wishing to understand how it differs from other policy proposals. The questions covered include whether it is a commodity standard, whether it uses buffer-stocks, how it is possible for a single country to have a significant influence, how it can be better than an international system, whether the system could use a crypto-currency, why such government intervention in markets could be beneficial, and other questions. Although some of the content unavoidably repeats what is explained in other chapters, it is hoped that it will be helpful to readers to be able to focus on specific issues in this way.
Reference7 articles.
1. Commodity-Reserve Currency
2. Grondona, L. (1972). A Built-in Basic-Economy Stabiliser. Economic Research Council (ERC).
3. Guardian. (1958, Jan. 16). A Commodity Standard. The Guardian.
4. Hayek, F. (1943). A Commodity Reserve Currency. The Economic Journal, 53(210/211), 176-186.