International Trade and Finance: A Collected Volume of Wicksell Lectures 1958-1964 |
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Page 207
... thereby reducing both the bank's reserves and its deposit liabilities . If the central bank had bought securities from the public , the payment by check would then be deposited in the commercial bank by the seller , thereby adding to ...
... thereby reducing both the bank's reserves and its deposit liabilities . If the central bank had bought securities from the public , the payment by check would then be deposited in the commercial bank by the seller , thereby adding to ...
Page 366
... thereby deflating the German economy and expanding the American economy . The decline in incomes and prices in Germany would thereby stimulate exports and curtail imports , and conversely for the United States , if allowed to work . But ...
... thereby deflating the German economy and expanding the American economy . The decline in incomes and prices in Germany would thereby stimulate exports and curtail imports , and conversely for the United States , if allowed to work . But ...
Page 382
... thereby reduce local competition . Furthermore , if balance can be so easily established -simply by discriminating - there is less incentive to step up export efforts . Since the dollar deficit could be eliminated by improving one's ...
... thereby reduce local competition . Furthermore , if balance can be so easily established -simply by discriminating - there is less incentive to step up export efforts . Since the dollar deficit could be eliminated by improving one's ...
Contents
The Subject of International Trade | 3 |
The Factors of Production as Determinants of Interna tional Trade | 19 |
InternationalTrade Theory | 35 |
Copyright | |
27 other sections not shown
Common terms and phrases
abroad additional alternative American amount arbitrage areas assets assume balance of payments bank bank reserves borrowing British Canadian dollar capital account capital flows cent Chapter competitive costs cotton cloth country's creditor currency current account customs union decline deficit deposits depreciation devaluation dollars domestic economy effect elasticity equilibrium example exchange expand exports factors of production finance fluctuating foreign currencies foreign-exchange market forward contract forward pounds forward rate francs funds German gold Hence higher impact imports income increase industry inflow interest rates International Monetary Fund international trade investment labor less loss lower marginal cost marginal revenue ment million offset outflow output possible problem profit purchasing power raise ratio receipts reduce relative reserves result rise sector sell shift short-term capital spending spot pound supplier surplus tariff tend thereby tion underdeveloped United volume wages workers yards of cotton yards of linen