bancor

E57023

Bancor was a proposed supranational currency unit conceived by John Maynard Keynes for use in an International Clearing Union to stabilize global trade and payments after World War II.

AI illustration

How this image was made

AI-generated illustration of bancor

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of a bancor (Bancor was a proposed supranational currency unit conceived by John Maynard Keynes for use in an International Clearing Union to stabilize global trade and payments after World War II.)

All labels observed (1)

Label Occurrences
bancor canonical 2

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf proposed supranational currency unit ⓘ
theoretical currency ⓘ
aimedAtProblem asymmetry between creditor and debtor nations ⓘ
deflationary bias in international monetary systems ⓘ
backedBy basket of commodities ⓘ
internationally traded goods ⓘ
category Keynesian proposals for monetary reform ⓘ
proposed currencies ⓘ
clearingInstitution International Clearing Union ⓘ
conceptionBy John Maynard Keynes ⓘ
debatedWithAlternativePlan Harry Dexter White plan ⓘ
designedBy John Maynard Keynes ⓘ
designedToBe non‑national currency ⓘ
politically neutral reserve asset ⓘ
field international economics ⓘ
monetary economics ⓘ
goal discourage large current account deficits ⓘ
discourage large current account surpluses ⓘ
prevent persistent trade imbalances ⓘ
stabilize global trade ⓘ
stabilize international payments ⓘ
historicalPeriod World War II era ⓘ
linked to: World War II
influencedBy Keynesian economics ⓘ
influencedLaterDebatesOn reform of the international monetary system ⓘ
intendedUse clearing international payments ⓘ
settlement of international balances ⓘ
unit of account for international trade ⓘ
languageOfName French ⓘ
mechanismIncluded automatic penalties for deficit countries ⓘ
automatic penalties for surplus countries ⓘ
monetarySystemType multilateral clearing system ⓘ
nameMeaning bank gold ⓘ
notAdoptedBecause opposition from United States negotiators ⓘ
preference for US dollar as reserve currency ⓘ
proposedAlternativeTo US dollar–centered system ⓘ
gold exchange standard based on the US dollar ⓘ
proposedAtConference United Nations Monetary and Financial Conference ⓘ
proposedAtEvent Bretton Woods negotiations ⓘ
proposedByCountry United Kingdom ⓘ
proposedDate early 1940s ⓘ
proposedForInstitution International Clearing Union ⓘ
proposedInContextOf post–World War II international monetary reform ⓘ
relatedConcept Special Drawing Rights ⓘ
clearing union ⓘ
international reserve currency ⓘ
status never implemented ⓘ
unitRole international reserve asset ⓘ
international unit of account ⓘ
valuationMethod linked to commodity prices ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.