Cape Bretton Pictorial Cookbk by Levert

Cape Bretton Pictorial Cookbk by Levert

International monetary economics essentially deals with three problems, viz. the nature and stability of the international monetary system, the balance of payments adjustment process, and international liquidity (reserves and credit facilities). All three categories are interrelated. The exchange rate system has an important bearing on the manner in which the adjustment process functions, as well as on the need for international liquidity. The adjustment process is an important determinant of the need for international liquidity. The adequacy of international liquidity influences the working of the adjustment process. Ultimately, developments in international liquidity and in the adjustment process determine the nature and stability of the international monetary system; a sustained malfunctioning of the adjustment process - brought about by a serious imbalance in international liquidity or by other causes - will bring about a new international monetary system, either through collapse or reform of the old system. This study deals only with the problem of international liquidity. However, it touches on the two other main aspects of international monetary economics insofar as they have a bearing on international reserves and credit facilities. In the literature international liquidity is most often defined as including international reserves (gold, SDRs, foreign exchange and claims on the IMF) and international credit facilities (IMF drawing rights, EC support arrangements and central bank multilateral and bilateral credit facilities). This definition will also be followed in this study.

SKU	Unavailable
ISBN 13	9780969039532
ISBN 10	0969039530
Title	Cape Bretton Pictorial Cookbk
Author	Levert
Condition	Unavailable
Binding Type	Hardback
Publisher	Nimbus Publishing Ltd
Year published	1994-01-01
Number of pages	84
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.