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Global Correspondent Banking 1870-2000
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Policymakers can learn from Nixon's 'dollar shock' (Chatham House Expert Comment)

14 September 2021
president richard nixon with henry kissinger and john wayne san clemente

Knudsen, Robert L. (Robert LeRoy), Public domain, via Wikimedia Commons

Expert Comment post by Catherine Schenk on the Chatham House website about the decision in 1971 to suspend the convertibility of the US dollar into gold and the lessons it holds for addressing the challenges faced by the modern international economic system.

Catherine Schenk, 'Policymakers can learn from Nixon's 'dollar shock', Chatham House website (14 September 2021)

Professor Catherine Schenk

Professor Catherine R Schenk

Professor of Economic & Social History

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