Money and Banking |
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Page 483
... exchange risk . Alternatively , if an export letter of credit had been specified , then the American firm would have received the full $ 2,250,000 ; that is , the English firm would have borne the exchange risk . The Bill of Exchange ...
... exchange risk . Alternatively , if an export letter of credit had been specified , then the American firm would have received the full $ 2,250,000 ; that is , the English firm would have borne the exchange risk . The Bill of Exchange ...
Page 506
... EXCHANGE RATES The term fixed exchange rates is something of a misnomer . It describes a theoretically pure case instead of historical reality . Even in the heyday of the gold standard before World War I , foreign exchange rates rose ...
... EXCHANGE RATES The term fixed exchange rates is something of a misnomer . It describes a theoretically pure case instead of historical reality . Even in the heyday of the gold standard before World War I , foreign exchange rates rose ...
Page 518
... EXCHANGE RATES If fixed exchange rates are politically unacceptable and exchange controls are economically undesirable , how are nations to adjust to a persistent balance of payments deficit ( or surplus ) ? The third possibility is the ...
... EXCHANGE RATES If fixed exchange rates are politically unacceptable and exchange controls are economically undesirable , how are nations to adjust to a persistent balance of payments deficit ( or surplus ) ? The third possibility is the ...
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accounts amount analysis assets average balance of payments bank reserves bank's bankers banking system banks per town bond borrowing branch banking capital cash Chapter coefficient commercial banks corporations currency curve decrease demand deposits demand for money dollars economists economy employment equilibrium example excess reserves exchange rate FDIC Federal Reserve System Figure financial institutions function funds gold government securities holding companies increase inflation interest rates investment investor issue Keynesian liabilities liquidity long-term maturity member bank reserves merger million monetary policy money market money supply national banks national income number of banks open market operations percent portfolio profit quantity of money quantity theorists question rate of interest real bills doctrine real sector regression analysis regression equation relationship reserve requirements S&Ls savings deposits schedule sell short-term statistical Table tion transactions Treasury bills unit banking United States government yield curve