International Monetary Policy

adjustment Agreement American balance of pay balance of payments balance of trade Bank bilateral Bretton Woods Bretton Woods system Britain British capital cent co-operation convertibility country's creditor current account debtor deficit countries demand for imports depreciation devaluation direct controls disequilibrium dollar problem dollar shortage domestic drawing rights economic effect elasticity of demand Europe European exchange control exchange rate external favourable finance fluctuations foreign balance foreign currency full employment Fund Fund's gold standard imports and exports income effects increase inflation international economy international liquidity international monetary international trade interwar period investment Keynes loans measures ments national income OEEC organisation overseas par value parity period postwar price changes proposed purchasing power parity quota rates of exchange reduce reserves restrictions result scarce currency settlement stabilisation stability Sterling Area supply terms of trade theory tion transactions transfer United Kingdom