Keynes however observed that forcing the two-thirds to three-quarters scheme would eventually cause fragility in the system . The central banks , to respond to fluctuations would ``restrict credit and raise interest rates ' This would in fact cause prices and wages to go lower (Cooper , Dornbusch and Hall 20-21 . The gold reserves were also slowly depleted and the discovery of gold declined . It was difficult to maintain the requisites of the original gold standard rule . Table 1 shows an example of the...











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