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