Mr Prebisch on the asymmetric Gold Standard
总结了普雷维什对国际宏观经济学的三项重要贡献：指出金本位制的不对称性、认为美国经济崛起是金本位崩溃和大萧条的主因、以及他在阿根廷实施的成功政策。
Abstract Prebisch is responsible for three significant but often ignored contributions to international macroeconomics. First, Prebisch characterised the Gold Standard as an unstable and asymmetric system, which worked for peripheral countries only when there was a balance of payments surplus. Second, Prebisch considered that the increasing importance of the US economy was the main reason for the collapse of the Gold Standard and the Great Depression, and rejected explanations based on the inflexibility of wages and prices. Third, and as response to the abovementioned issues, Prebisch implemented several policies in Argentina during the 1930s, lifting the country out of the crisis. These theoretical insights and the policy prescriptions predated significant contributions by eminent scholars and proved to be successful during the last decades.