Abstract
The optimum condition for any country to enjoy is that in which prices are steady at a high level of employment and the balance of payments is in long- and short-run equilibrium. If heaven is divided into nation states that is the way it will be. On earth just now it is different.
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Notes
J. Williamson, ‘The Crawling Peg’, EIF, No. 50 (1965).
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© 1974 W. M. Scammell
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Scammell, W.M. (1974). Internal and External Equilibrium. In: International Trade and Payments. Palgrave, London. https://doi.org/10.1007/978-1-349-01555-9_16
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DOI: https://doi.org/10.1007/978-1-349-01555-9_16
Publisher Name: Palgrave, London
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