Discussion of the Papers by Professor Cooper and Mr Lamfalussy
Professor Hicks said that these were two very serious, important and far from easy papers. He would deal with Professor Cooper’s, which fell into three parts. The first looked at the growth of the international capital market, centring on the figures in Table 9.4. This first part did deal to some extent with the problem of the Euro-dollar and of equities, but the most precise information was for the market for bonds.
KeywordsExchange Rate Interest Rate Monetary Policy Capital Market Central Bank
Unable to display preview. Download preview PDF.