His monetary reflections led to the publication in 1967 of an article in Economie appliquée in which he detailed his project. He proposed the introduction of a currency backed by a basket of goods, the precise composition of which would be determined by the parties involved. A monetary agency would store these goods, as well as buy and sell them in order to regulate their prices. The deposit of these goods by producers would result in the issuance of "commodity standard certificates", which would function like banknotes in the real economy exchanges. These certificates would be convertible into goods at any time at the monetary agency. By a mechanism of connecting vessels between the sector producing goods included in the standard and the sectors producing other goods, this monetary system would automatically ensure both price stability and full employment, according to Jean de Largentaye.
