International Liquidity1962 - Balance of payments - 29 pages |
Common terms and phrases
abroad balance of payments basic balance BENT HANSEN Bundesbank ceteris paribus commercial banks crease credit markets D-mark deficit demand and supply demand for international demand for reserves discussed dollar price European central banks European Monetary Agreement exchange rates extent fiscal policies foreign exchange authorities foreign exchange policies foreign official dollar foreign official holders foreign trade forward dollars forward sales funds future gold percentage gold price IMF-club important interest rates international liquidity international means investments J.M. Keynes key-currency country lecture liquidity problem means of payment monetary policies national liquidity non-speculative obvious official dollar holdings possible pound sterling price of gold prices of international rate of return rates of interest seems short short-term capital movements short-term dollar assets short-term position short-term rates speculation sterling supply of gold supply of international total reserves Triffin U.S. authorities U.S. balance U.S. banks U.S. dollar U.S. gold reserves U.S. policies World Central Bank