International Short-Term Capital Movements
ISBN: 9780231884617
Platform/Publisher: De Gruyter / Columbia University Press
Digital rights: Users: Unlimited; Printing: Unlimited; Download: Unlimited

Discusses two basic principles of international short-term capital movements: that short-term capital in the balance of payments and in a national banking system should be regarded as equivalent to gold and that equilibrium in the foreign-exchange market and in the balance of payments can be said to obtain when at a given rate of exchange the balance of payments exerts neither an inflationary nor deflationary force on the national money income.


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