The Choice of a Pivot for Parities |
Common terms and phrases
adjustable peg adjustment burden American deficit American policy American price performance Banca Nazionale Bürgenstock central banks Cohen cost crawling peg deficit country dollar devaluation dollar parity Economic ESSAYS IN INTERNATIONAL Euro-Dollar exchange rate exchange-rate policy fixed exchange rates Flexibility of Exchange follow the dollar Fritz Machlup gold price gold speculation gold/SDR pivot Gottfried Haberler inflation initiates the adjustment International Finance Section international liquidity International Monetary Fund International Monetary System International Money JOHN WILLIAMSON June Krause Lavoro Quarterly Review liquidity desires March Marcus Fleming maximum rate McKinnon ment monetary policy Nazionale del Lavoro nondollar currencies numeraire op.cit parity changes passive payments policy PIVOT FOR PARITIES price of gold problem proposal rate of crawl rate of SDR Reprinted from Banca reserve targets result Robert Triffin SDR creation SDR pivot seignorage Sept Sir Roy Harrod SPECIAL PAPERS stability Sterling surplus country terms of gold tion widespread imitation