Discussion of the Paper by Professor Wallich
Professor Robinson, in the chair, said that during the first four sessions of the Round Table it was intended to find possible areas of conflict between the interests of North America and of Europe. It was necessary to get the interests of each area clear, as seen by its inhabitants. Professor Wallich would talk about the interests of the United States. Professor Robinson said that, as Chairman of the Programme Committee, he had deliberately asked another American participant to comment on this paper in order to try to make it as clear as possible what were the interests of the United States. The same would be done in the following session for Canada, and later papers and their discussions would deal similarly with the areas of Europe.
KeywordsUnited States Monetary Policy Current Account Foreign Trade Marginal Propensity
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