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THE MONETARY MECHANISMS IN THE PERIPHERY
The International Liquidity Crisis
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accumulation activity Africa amount analysis balance of payments banks become billion bourgeoisie bring capital capitalist cause century circulation colonial constitute continues currency cycle decline deficit demand dependence depression determined developed countries dominant economic effect Egypt equilibrium example exchange existence exports external balance fact fall finance fluctuations forces foreign foreign capital formations France function gold greater growth hoarding imports income increase independent industrial inflation integration interest investment issue less liquidities means mechanism ment monetary movement nineteenth percent period periphery possible problem production profits propensity prosperity quantity question rate of exchange reflected relations relative remains requirements reserves result rise role saving sector shows situation social standard structure supply surplus taken theory tion trade trade balance transfer true underdeveloped countries United volume wages