PEGGING THE DOLLAR
; MOVE FORESHADOWED , EXPERT APPOINTED. WASHINGTON, May 31. The appointment of Professor Oliver W. M. Sprague (economic adviser to the Bank of England) to a similar post in the United Slates Treasury is construed in Washington as a move in the direction of the stabilisation of the dollar. It is thought that it will be carried out either through the employment of a stabilisation fund, similar to that in Britain, or through an international agreement, establishing relative values for thd pound, the franc; and . the dollar. ' ' \ The feasibility of stabilising currencies before the London Conference is being studied in Washington and London. Professor Sprague is an American who has bgen in the service of the Bank of England ■ for three years, and also professor of banking and finance at Harvard University , since 1913., Before that ho was three years professor of economics at the University of Tokio. Thus another man is added to the professoriat which is wielding eo much power in the counsels of the United States.
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Otago Daily Times, Issue 21975, 9 June 1933, Page 10
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170PEGGING THE DOLLAR Otago Daily Times, Issue 21975, 9 June 1933, Page 10
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