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The Automatic Functioning of the Gold Stand
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activity American amount balance Bank of England Banque de France bimetallism boom Britain capital cent central banks commodity prices countries currency decline deflation demand for gold deposits depression dollar economic effect employment equilibrium excessive expenditures export factors falling price Federal Reserve Federal Reserve system flexibility fluctuations foreign exchange France funds gold base Gold Delegation gold movements gold reserves gold stocks gold-exchange standard important income increased industry inflation inflationary international gold standard investment J. M. Keynes Keynes labour latter League of Nations level of prices Lionel Robbins maladjustments means of payment measures ment million monetary gold monetary policy monetary system money supply non-monetary output period post-war pre-war present price level price stability profits purchasing power recent relative result securities short-term silver stabilisation structure tion United value of gold volume wages wholesale index wholesale prices world prices