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DOES THE INTERNATIONAL MONETARY SYSTEM
INTERNATIONAL MONETARY ARRANGEMENTS
THE EUROPEAN ECONOMIC COMMUNITY
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action additional adjustment amount argument arrangements authorities balance of payments bank become billion borrow capital capital movements cent central changes Common Common Market consider correct countries currencies customs deficit deficit countries demand desirable developed dollar domestic economic effects employment equal equilibrium existing expansion export fact financing fiscal policy fixed fixed exchange flexible exchange rate flow fluctuating forces foreign foreign exchange forward France Fund further give given gold growth holdings imbalances important improvement increase industrial institutions international monetary system issues Italy less limit liquidity long-term major margins means member countries ment mobile monetary policy necessary objectives obtained official operation parity period position possible present problem production question reasons reduce relative prices reserves restrictions result rise speculative standard supply surplus countries theory tion trade transactions union United variables