Money and Banking: An Introduction to the Financial System |
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Page 679
... exchange maintain that an equilibrium rate of exchange could be best attained by abandoning the gold standard and resorting to free fluctuating exchange rates supported by appropriate domestic monetary policy . Exchange Between ...
... exchange maintain that an equilibrium rate of exchange could be best attained by abandoning the gold standard and resorting to free fluctuating exchange rates supported by appropriate domestic monetary policy . Exchange Between ...
Page 689
... exchange control has been generally adopted to achieve the following objectives : 1. To avert abnormal , destabilizing capital movements ( both in- flow and outflow ) particularly the nefarious type known as capi- tal flight , or " hot ...
... exchange control has been generally adopted to achieve the following objectives : 1. To avert abnormal , destabilizing capital movements ( both in- flow and outflow ) particularly the nefarious type known as capi- tal flight , or " hot ...
Page 695
... exchange rate for converting one currency into the other . Finally , provision is made for periodic clearance of any deficit or surplus between the contracting governments ' funds . Payment Agreements Unlike clearing agreements ...
... exchange rate for converting one currency into the other . Finally , provision is made for periodic clearance of any deficit or surplus between the contracting governments ' funds . Payment Agreements Unlike clearing agreements ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect equilibrium excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities hold important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York