Money in a MaelstromMacmillan Company, 1949 - 221 páginas |
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Página 195
... equilibrium in the international bal- ance of payments . Only when such equilibrium prevails , offer and demand of currencies will , apart from day - to - day and seasonal discrepancies , balance at stable rates of ex- change . This ...
... equilibrium in the international bal- ance of payments . Only when such equilibrium prevails , offer and demand of currencies will , apart from day - to - day and seasonal discrepancies , balance at stable rates of ex- change . This ...
Página 196
... equilibrium rate of exchange . ” A currency may be rated either above or below the equilibrium rate , in which cases the currency is either " over- valued " or " undervalued . " We have already seen that a cur- rency can be overvalued ...
... equilibrium rate of exchange . ” A currency may be rated either above or below the equilibrium rate , in which cases the currency is either " over- valued " or " undervalued . " We have already seen that a cur- rency can be overvalued ...
Página 205
Johan Willem Beyen. cannot and should not be the aim . Nor should equilibrium in the balance of payments of each group with the dollar area be aimed at . The over - all equilibrium in the balance of payments of all the countries ...
Johan Willem Beyen. cannot and should not be the aim . Nor should equilibrium in the balance of payments of each group with the dollar area be aimed at . The over - all equilibrium in the balance of payments of all the countries ...
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Palavras e frases frequentes
1925 gold standard acceptance assets Austria balance of payments bancor bankers bilateral Bretton Woods Agreements Bretton Woods Conference Bretton Woods system capital flight Central Banks clearing agreement Clearing Union coun crisis Dawes Plan debt debtor delegation depression devaluation dollar economic and financial effect equilibrium Europe exchange control exchange rates exchange restrictions exports financing foreign exchange free convertibility free currency Fund Agreement German Germany's Governor imports inflation institution interference International Bank international cooperation International Monetary Fund international monetary system international trade investment Keynes loans London long term Marshall Plan ment mone monetary agreements monetary authorities monetary policy monetary relations multilateral multiple currency Nazi offer and demand overvalued parity political principles problem rate of exchange reconstruction Reichsbank Reichsmark rency reparation payments Schacht short term credits situation social sterling surplus tary tion tional transactions transitional period United White Plan