But what are the obstacles to such an undertaking? First, which countries should make up this new global monetary authority? Second, what policies would it impose on the member nations? Would it be...

But what are the obstacles to such an undertaking? First, which countries should make up this new global monetary authority? Second, what policies would it impose on the member nations? Would it be expansionary or contractionary if nations were not synchronized in their business cycles? Third, what would be the new common global currency?