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Foreign Trade in the American Economy I
The Alleged Mystique of International Finance
The International Currency System
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abroad adjustment American assets balance of payments balance-of-payments deficit billion Bretton Woods system British capital central bank Chapter commodity comparative advantage competitive consumers consumption cost coun country's decline demand curve determined devaluation developing countries dollar inpayments domestic price economic economists effect elasticity employment equal equilibrium European example exchange-rate exports factors Figure fixed exchange rates floating fluctuations foreign currencies foreign exchange market foreign investments foreign trade francs Fund GATT Germany gold imbalances import prices importing country income increase indifference curve industrial countries inflation interest rates international trade labor LDCs lower ment monetary money supply official output percent position pound pound sterling production protection quantity quota ratio reduction relative prices reserves restrictions result rise shift sterling sterling prices surplus tariff tariff rates terms of trade tion U.S. dollar United Kingdom West Germany yard of textiles