The Choice of a Pivot for Parities |
From inside the book
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... targets in reserve holding . . . ( Ibid . , pp . 28-29 . ) " " To the extent that reserve targets are vague and that reserve adjustment is haphazard , the redundancy problem is not a serious one - because nothing very terrifying will ...
... targets in reserve holding . . . ( Ibid . , pp . 28-29 . ) " " To the extent that reserve targets are vague and that reserve adjustment is haphazard , the redundancy problem is not a serious one - because nothing very terrifying will ...
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... targets occasioned by a fixed stock of reserves . The difference between the do- mestic and international cases ... reserve asset whose supply is amenable to conscious international control and where that control is exercised to ensure ...
... targets occasioned by a fixed stock of reserves . The difference between the do- mestic and international cases ... reserve asset whose supply is amenable to conscious international control and where that control is exercised to ensure ...
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... reserve targets with smaller surpluses , which would induce them to adjust so as to reduce the American deficit . The key question is whether actual reserve accumulation by the N— I countries other than the United States is a ...
... reserve targets with smaller surpluses , which would induce them to adjust so as to reduce the American deficit . The key question is whether actual reserve accumulation by the N— I countries other than the United States is a ...
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