America and the World Political Economy: Atlantic Dreams and National Realities |
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Page 107
... exchange rates . The United States did not restore convertibility ; short - term capital which had migrated to Europe stayed there ; and exchange markets remained uneasy . By the summer of 1972 , the pound was floating and the dollar ...
... exchange rates . The United States did not restore convertibility ; short - term capital which had migrated to Europe stayed there ; and exchange markets remained uneasy . By the summer of 1972 , the pound was floating and the dollar ...
Page 111
... exchange rates without many of the usual costs . Now that this comfortable system is breaking down , the domestic costs and benefits of fixed exchange rates are assessed with a more realistic eye . The abstract advantages of fixed ...
... exchange rates without many of the usual costs . Now that this comfortable system is breaking down , the domestic costs and benefits of fixed exchange rates are assessed with a more realistic eye . The abstract advantages of fixed ...
Page 112
... exchange parities is especially compelling among these close neighbors , who absorb a large share of each other's ... exchange rates . The European states have a strong incentive toward maintaining fixed exchange rates among themselves ...
... exchange parities is especially compelling among these close neighbors , who absorb a large share of each other's ... exchange rates . The European states have a strong incentive toward maintaining fixed exchange rates among themselves ...
Contents
General Considerations | 3 |
Main Issues within the Atlantic | 85 |
Basic Balance of Payments 1970 | 98 |
Copyright | |
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abroad agricultural Ameri American policy Atlantic Community Atlanticism Atlanticist billion bloc Britain British Canada capital commercial Common Market competition corporations costs currency devaluation developed countries direct investment domestic dominant economic and political economic efficiency economic policy economic system economists EFTA Empire Eurodollar Europe's European Community exchange exports federalism foreign investments France free trade GATT Gaulle Germany growing growth hegemony Hence ideal imperial imports increasingly indifference curve industrial integration interdependence interests international economic Japan Japanese Kennedy Round Latin America less liquidity major manufactures ment mercantilist military millions of U.S. modern monetary system multinational nation-state nomic official overseas percent plural postwar Prebisch preferences production protectionism rates regional reserve reserve currency Ricardo role seemed social society special drawing rights Table tariffs Third World Third-World countries tion Trade Policy trade surplus U.S. dollars UNCTAD union United Western Europe Williams Report