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Some Thoughts on International Economic
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100 deneros addition American Bank arise bank deposits Bank for International Bank of England bank reserves bank's borrow Bretton Woods system capital cent chapter commercial banks costs demand deposits denominated deposit of European depositors deposits held deutsche Mark discussion dollar assets economic units euro euro-bank euro-bonds euro-currency activity euro-currency deposits euro-currency system euro-dollar deposits Europa European Bank European central bank European exporter example excess supply exchange rate exchange-rate Federal Reserve Bank Federal Reserve System financial intermediation foreign branches foreign currency foreign-currency foreign-exchange market future output hence hold implications important increase inter-bank interest rates intermediaries international financial International Monetary International Monetary Fund intertemporal investment involved lender liquidity loan maturity media of exchange monetary policy multiple expansion non-bank obtained official settlements operations period position possible potential purchase Real World London reasons redeposit reserve requirement sell situation surplus surplus economic Swiss francs Table trade U.S. banks U.S. dollars vehicle currencies