Abstract
The commodities within the scope of the proposed system of conditional currency convertibility, at least initially, would comprise the major, durable basic commodities which the country in question imported. Consequently the functioning of the Commodities Reserve Department of a country’s Central Bank would have a direct effect on the country’s foreign trade. The functioning of one or more CRDs would thus have a range of effects on the international economy. The present chapter examines in turn the major implications for the international economic system of the pattern of operation of one or more CRDs.
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References
Bank of England, ‘Economic Commentary’, Bank of England Quarterly Bulletin, Vol. 20, No. 1, March 1980, pp. 4–5.
C. A. Enoch & M. Panic, ‘Commodity Prices in the 1970s’, Bank of England Quarterly Bulletin, Vol. 21, No. 1, March 1981, p. 45.
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The Brandt Commission, North-South: A Programme for Survival, Pan Books, London, 1980.
The Brandt Commission, Common Crisis: North-South: Co-operation for World Recovery, Pan Books, London, 1983.
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© 1985 Patrick Collins
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Collins, P. (1985). International Economic Effects. In: Currency Convertibility. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07058-9_8
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DOI: https://doi.org/10.1007/978-1-349-07058-9_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07060-2
Online ISBN: 978-1-349-07058-9
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