https://en.wikipedia.org/wiki/Bancor
The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher [1] conceptualised in the years 1940-1942 and which the United Kingdom proposed to introduce after World War II. The name was inspired by the French banque or ('bank gold'). [2] This newly created supranational currency would then be used in international

https://blogs.lse.ac.uk/economichistory/2023/03/10/keynes-global-bank-and-currency/
The American negotiators were reasonable to oppose Keynes's plans. Under Keynes's scheme, there was to be one world-central bank, the ICU. All member nations would be given an annual quota of Bancor, the bank's currency, proportionate to their share of world trade. The distribution would be managed by the ICU board of trustees.

http://www.reesonomics.eu/themes/Keynes/Keynes_Bancor_ICU.pdf
Plan ($13 billion - equivalent to $130 today) The USA wanted to break UK dominance of world trade (ex N°1 before WW1) Dexter White. ... An analysis of how to adapt Keynes's Bancor and International Money Clearing Unit to today's world. One of the world's experts on Keynes. The Summit. Bretton Woods, 1944. J. M. Keynes and the

https://www.federalreservehistory.org/essays/bretton-woods-created
The Keynes plan envisioned a global central bank called the Clearing Union. This bank would issue a new international currency, the "bancor," which would be used to settle international imbalances. Keynes proposed raising funds of $26 million for the Clearing Union. Each country would receive a limited line of credit that would prevent it

https://www.oxfordreference.com/display/10.1093/oi/authority.20110803100035351
Keynes Plan. An alternative set of proposals for international monetary institutions proposed by John Maynard Keynes (1883-1946) at the Bretton Woods negotiations on post-war monetary arrangements in 1944. The Keynes Plan would have involved the creation of an international monetary unit, the 'bancor'. The plan was rejected and the

https://theweek.com/articles/626620/how-john-maynard-keynes-most-radical-idea-could-save-world
A bancor tax would also be levied at an increasing rate on anyone with a large trade imbalance. There's much more to the story, but the fundamental idea is fairly simple. ... Keynes' plan, by

https://www.elibrary.imf.org/view/book/9781451972511/ch001.xml
The first draft of Lord Keynes' plan for a Clearing Union was circulated within the British Treasury on September 8, 1941. A fourth draft was given to Ministers on February 11, 1942, and this is reproduced in (A) below. ... (let us say) bancor, fixed (but not unalterably) in terms of gold and accepted as the equivalent of gold by the British

https://www.communitycurrencieslaw.org/wp-content/uploads/2014/05/Keynes-Proposal-for-an-International-Currency-Union-summary.pdf
John M. Keynes: Proposal for an International Currency Union 37 6.2 John M. Keynes: Proposal for an International Currency Union Keynes formulated his Bancor plan as a solution for the period after the Second World War. During the interwar period there was a lot of irritation to the global financial markets and the stock market

https://academic.oup.com/book/35368/chapter/301076908
Hirai, Toshiaki, Maria Cristina Marcuzzo, and Perry Mehrling (eds), '9 Why Not Bancor? Keynes's Currency Plan as a Solution to Global Imbalances', in Toshiaki Hirai, Maria Cristina Marcuzzo, and Perry Mehrling (eds), Keynesian Reflections: Effective Demand, Money, Finance, and Policies in the Crisis (Delhi, 2013; online edn, Oxford Academic

https://www.jstor.org/stable/26772956
It is not the Bancor Plan, but it is definitely Keynes. In 1913 and 1923, Keynes was dealing with a financially globalized world, and he therefore based his proposals on commercial principles of currency arbitrage, so-called forward-interest parity (in 1923) and uncovered-interest parity (in 1913). In 1944, Keynes was dealing with a world in

https://www.jstor.org/stable/20029784
In the Keynes plan the new unit would be called the bancor and in the White plan the unitas. These new monetary units, however, are quite unimportant and serve no purpose other than to pro vide a common unit of account. This mechanical difference between the two plans is that be tween the bank deposit principle as we know and use it in this

https://academic.oup.com/book/43743/chapter/370673605
The chapter explores the context in which a Keynes plan, and then a rival White plan had originated from 1941 onwards; and how to understand why. Skip to Main Content. ... 2.2 'Bancor' and the Gold Standard 2.2 'Bancor' and the Gold Standard. 2.3 The Keynes Plan Revised 2.3 The Keynes Plan Revised. 2.4 The Two Plans and Kalecki 2.4 The

https://link.springer.com/content/pdf/10.1007/978-3-031-54642-6_13
The plan is a perversion of Keynes' thought about the Bancor; see, Gorga (2019a). The Bancor was supposed to be a unit of account, with no implicit exchange value. 13.2.1 How to Set Things Right . With three modifications, the Bancor can indeed set things right on the national and international scene.

http://imsreform.org/reserve/pdf/keynesplan.pdf
The first draft of Lord Keynes' plan for a Clearing Union was circulated within the British Treasury on September 8, 1941. A fourth draft was given ... (let us say) bancor, fixed (but not unalterably) in terms of gold and accepted as the equivalent of gold by the British Commonwealth and the United States and all members of the Union for the

https://www.bis.org/review/r090402c.pdf
substantive progress has been achieved to date. Back in the 1940s, Keynes had already proposed to introduce an international currency unit named "Bancor", based on the value of 30 representative commodities. Unfortunately, the proposal was not accepted. The collapse of the Bretton Woods system, which was based on the

https://insidestory.org.au/recalling-the-consequences-of-keyness-economic-consequences-of-the-peace/
Throughout 1941, Keynes developed a plan for the centrepiece of his planning for the postwar era, an International Clearing Union. ... The central banks of member countries forming the Clearing Union would be allocated Bancor on the basis of their international trade before the war. To avoid running up excessive credit or debit balances

https://www.youtube.com/watch?v=6qDGMzXiiIs
The Bancor Plan was a suggestion from John Maynard Keynes about how to reconstitute the monetary ... Professor Perry Mehrling discussing the Keynes Bancor Plan.

https://sites.bu.edu/perry/files/2019/01/Beyond-Bancor.pdf
It's not the Bancor Plan, but it is definitely Keynes. In 1913 and 1923, Keynes was dealing with a financially globalized world, and he therefore based his proposals on commercialprinciples of currency arbitrage, so-called forward interest parity (in 1923) and uncovered interest parity (in 1913). n 1944, I

https://www.jstor.org/stable/43217486
In the Keynes. plan for an ICU, this rule is to put expansionist pressure, namely, measures for the. expansion of domestic credit and domestic demand, on the creditor countries. The rule of the symmetry are also materialized by the provision that even a creditor.

https://1library.net/article/economics-bancor-plan-john-keynes-proposal-international-clearing.qo1okwkz
In document Reforming the Global Financial Architecture (Page 40-43) 6.2 John M Keynes: Proposal for an International Clearing Union. 6.2.4 The Economics behind the Bancor Plan. The main crux is the difference in reserve holding and creation. Gold reserves or foreign exchange reserves can only be created by digging or through exports of goods.

https://www.academia.edu/1677492/The_Keynes_Plan_Today
Interest would be charged to those who drew on their account, and in a innovation worthy of emulation today, surplus countries would also pay interest once they had "overaccumulated" bancor. In his plan Keynes (1980a, p. 127) recognized the role of gold as a unit of account, even if in responding to cabinet questions on the fourth draft, he

https://www.investopedia.com/terms/b/bancor-bnt.asp
The name Bancor was chosen as an homage to John Maynard Keynes who coined "Bancor" as the name for a supra-national reserve currency he proposed at the Bretton Woods conference in 1944. Bancor's

https://www.foreignaffairs.com/articles/united-states/1943-07-01/currency-stabilization-keynes-and-white-plans
Both plans provide for a new international monetary unit in terms of which the national currencies of the member countries would be defined. In the Keynes plan the new unit would be called the bancor and in the White plan the unitas. These new monetary units, however, are quite unimportant and serve no purpose other than to provide a common