The International Monetary System Under Flexible Exchange Rates: Global, Regional, and National : Essays in Honor of Robert Triffin
Peter Bain Kenen, Richard N. Cooper, Jorge Braga de Macedo
Ballinger Publishing Company, 1982 - Foreign exchange - 320 pages
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adjustment appreciation assets assumed authorities balance bilateral bonds capital central banks changes consider cost countries currency current account deficit demand denominated depends deposits depreciation determined developments discussion divergence dollar domestic economic effect equation equilibrium European example exchange rate expectations fact fixed flexible foreign exchange franc Germany given gold greater growth holdings important income increase indicator industries inflation interest interest rates international monetary intervention issue Italy lagging lead less major margin mark means measures monetary policy money stock move movements nominal Note official output payments percent period portfolio position problem productivity protection purchasing power raised reason reduced REFERENCES relative reserves respect response result risk sector share shift stability standard sterilized supply Table theory tion trade Triffin United University variables variance weights world money