The International Disequilibrium System1961 - Balance of payments - 172 pages |
Common terms and phrases
action adjustment process analysis applied Assets assume authorities automatic balance of payments balance-of-payments bank reserves capital cash cent Central Bank changes classical Commercial Bank Deposits Commercial Banks Consider corrective countries curve decrease depends desirable domestic dynamic Economic effect equilibrium excess demand exports external deficit fall Figure foreign exchange reserves full employment gold gold flows gold standard HUME's law imply important increase inflation inflow initial interest rates internal balance international trade Italy Keynesian lead liquidity lower maintain mechanism monetary policy money income Money Market money supply movement nature necessary needed neutralization neutralization policy offset operations original level point Q position prevent Quadrant quantity of money rate of interest Ratio recent reduction represented requirements restore result rise saving shifts situation spending stability sufficient supply of money surplus theory trade balance transfer Treasury Bills United upward valid