The Choice of a Pivot for Parities |
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... liquidity desires can be utilized as the guide for sufficient liquidity creation . ( Krause , op.cit . , p . 351. ) According to Krause , therefore , a bigger American deficit is an indica- tion that more , not less , SDRs need to be ...
... liquidity desires can be utilized as the guide for sufficient liquidity creation . ( Krause , op.cit . , p . 351. ) According to Krause , therefore , a bigger American deficit is an indica- tion that more , not less , SDRs need to be ...
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... liquidity desires . If in fact American policy , rather than the liquidity desires of other countries , is the major determinant of the American payments balance in the medium run , then Krause's proposal to tailor the rate of SDR ...
... liquidity desires . If in fact American policy , rather than the liquidity desires of other countries , is the major determinant of the American payments balance in the medium run , then Krause's proposal to tailor the rate of SDR ...
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... liquidity desires . If the deficit is in fact the result of both demand and supply factors , it follows that either of the simple rules for relating SDR creation to the American deficit ( the orthodox view that an inverse relationship ...
... liquidity desires . If the deficit is in fact the result of both demand and supply factors , it follows that either of the simple rules for relating SDR creation to the American deficit ( the orthodox view that an inverse relationship ...
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