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Mr Gerald K Bouey Senior Deputy Governor of the Bank
Dr Arthur F Burns Chairman of the Board of Governors of
in Washington on 27th November 1971 Excerpts
1 other sections not shown
adjustment agreement assets balance of payments balance-of-payments Banca d'Italia Banque billion borrowing Bretton Woods Bretton Woods system cent central banks changes commercial banks costs demand deposits Deutsche Bundesbank developing countries dollar domestic economic effect employment Euro-currency market European Excerpts from speech exchange markets exchange-rate exports external Federal Reserve floating exchange rates floating rates flows fluctuations foreign exchange foreign exchange markets funds gold Govt growth hausse higher imbalances important income industrial countries inflation inflationary interest rates international liquidity international monetary system investment Johannes Witteveen loans milliard monétaire monetary authorities monetary base monetary expansion monetary policy money supply official reserves oil crisis oil prices oil-exporting countries oil-importing oil-producing countries OPEC OPEC countries overall period politique problems production rate of inflation recent recession recycling result rise rôle savings sector short-term situation speech delivered stabilisation stabilisation policy stability surplus U.S. dollar world economy