Titlebook: Currency Convertibility; Return to Sound Mone Patrick Collins Book 1985 Palgrave Macmillan, a division of Macmillan Publishers Limited 1985

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The International Air Transport Industry,, was characterised by fixed exchange rates, low rates of inflation and relatively stable economic growth in most countries, combined with low unemployment and rapid growth in international trade. The subsequent period saw the reversal of all these conditions, with floating exchange rates, unprecede

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Gregory E. Bottomley,Sandeep Chennakeshuccessful record of the system of directly guaranteeing the convertibility of currency into specified commodities, and the support that this policy has received from leading economists for more than two centuries. We are therefore led to consider the question of what is the best form in which currenc

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Vincent E. Rubatzky,Mas Yamaguchirrency into specified commodities through standing ready to exchange bank balances for commodities on specified terms, and . would have a number of monetary effects. These effects can be conveniently considered under three headings:

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Vincent E. Rubatzky,Mas Yamaguchibasic commodities which the country in question imported. Consequently the functioning of the Commodities Reserve Department of a country’s Central Bank would have a direct effect on the country’s foreign trade. The functioning of one or more CRDs would thus have a range of effects on the internatio

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https://doi.org/10.1007/978-1-4615-6015-9ber of serious difficulties. These can be considered from several different viewpoints. It is illuminating to consider the position of Grondona’s proposal in these different contexts, as well as in relation to some other miscellaneous questions.

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Vincent E. Rubatzky,Mas Yamaguchihe implementation of the particular system of conditional currency convertibility formulated by Grondona, is the argument that only the resumption of some form of currency convertibility offers the prospect of returning to monetary and economic stability. The main reasons for reconsidering the class