Money International

adjustment American arbitrage balance of payments bancor Bank of England Bank of France bankers basic borrowing Britain British burden capital cent central banks changes claims continental cost countries creditor debt demand deposits depreciation devaluation domestic economic effect Euro-dollar European exchange control exchange market exchange rate exports external Federal Reserve finance foreign currency foreign exchange foreign exchange market forward France Fund Germany gold price gold standard holdings imports increase inflation inflationary influence interest rates international monetary International Monetary Fund internationally investment involve issue lending liquidity loans London long-term ment million monetary authorities normally outflow overseas parity payments deficit position post-war pound pressure problem purchases quota reduce reserve currency rise scheme Second World Second World War securities selling short-term speculation spending stability sterling area sterling balances surplus Swiss trade transfer Treasury bills U.S. dollar United wage