Money International

adjustment American arbitrage assets balance of payments bancor Bank of England Bank of France bankers basic borrowing Britain British burden Canadian dollar capital cent central banks changes continental costs countries debt demand deposits depreciation devaluation direct investment domestic economic effect elasticity Euro-dollar European exchange market exchange rate export prices external Federal Reserve foreign currency foreign exchange foreign exchange market forward France French Fund Germany gold price gold standard holdings imports increase industrial inflation influence interest rates International Monetary International Monetary Fund involve lending liabilities loans London long-term ment million monetary system normally official outflow overseas investment parity payments deficit position postwar pressure problem purchases quota reduce reserve currency rise role Second World Second World War short-term speculation spending stability sterling area surplus Swiss terms of trade tion transfer Treasury U.S. dollar United