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The Federal Republic of Germany
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abroad aggregate demand agreement balance of payments Banca d'Italia bank credit Bank of England Bank rate banking system Banque de France Belgian bonds borrowers budget capital market capital movements cash cent central bank clearing banks commercial banks competition countries credit ceilings credit controls credit flows credit policy currency current account deficit deposit banks Deutsche Bundesbank discount houses dollar effects exchange controls exchange parities exchange rates financial institutions financial intermediaries flexible foreign exchange funds gilt-edged government debt increase inflationary inflows influence interbank interest rates international monetary system investment issues Italian Italy liquid assets loans long-term measures ment minimum reserve monetary and credit monetary and economic monetary authorities monetary base monetary policy money market money supply Nederlandsche Bank Netherlands nonresident official open market operations purchase rates of interest rediscount rate regulation reserve assets reserve requirements role savings banks sector short-term capital stability techniques tions transactions Treasury bills