World Monetary Disorder: National Policies Vs. International Imperatives

adjustment annual rate assets balance of payments balance-of-payments billion borrow Bretton Woods system capital flows central bank Changes in Money commercial banks controls coun Currency Areas deflation demand depreciation devaluation developing countries discount rate discount window domestic interest rate domestic monetary effect elasticities Eurobond Eurocredit Eurodollar Eurodollar market exchange markets exchange-rate exchange-rate flexibility exports Federal Reserve fixed exchange rates fixed rates flexible rates floating exchange rates floating rates foreign exchange funds gold price gold standard important income velocity increase Index Numbers industrial countries inflation inflationary international monetary system international reserves intervention liquidity M₁ major ments mone monetarist monetary authority monetary expansion monetary policy money stock money supply money-supply growth nominal GNP official open-market operations output pegged percent period price level problem reference rates reserve-currency country result rise rules SDRs stability stock of money tary tion tional trade balance U.S. banks U.S. dollar U.S. market U.S. money United