Description: This is a panel discussion about the economic outlook, particulary with respect to interest rates, the behavior since World War II and the outlook for the future. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: Since spring, with the marked improvement in the payments deficit of the United States, the climate for discussion of reform of the world currency systems has become much more favorable. Perhaps our subject today should more fittingly be entitled Monetary Reform for the World Economy. Discussion focuses on the steps that can be taken to insure that enough liquidity will be provided to finance expanding world trade while maintaining stable price levels, and on how reform measures can be drawn to avoid the danger that additional liquidity will encourage countries to run chronic deficits.