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Thus at the end of the year the com- bination of tight monetary objectives with a high and rising budget deficit in the USA was pushing up interest rates and the exchange value of the dollar . This in turn was causing concern in Europe ...
Thus at the end of the year the com- bination of tight monetary objectives with a high and rising budget deficit in the USA was pushing up interest rates and the exchange value of the dollar . This in turn was causing concern in Europe ...
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Upward pressures on US interest rates and on the dollar threatened hopes of stability in the foreign exchange markets . This created a dilemma for policy - makers attempting at the same time to adhere to monetary targets and to avoid ...
Upward pressures on US interest rates and on the dollar threatened hopes of stability in the foreign exchange markets . This created a dilemma for policy - makers attempting at the same time to adhere to monetary targets and to avoid ...
Trang 470
Consequently , the Government in practice interpreted the strategy more flexibly and based its short - term interest rate decisions not just on movements of sterling M3 but also on changes in other monetary aggregates and in the ...
Consequently , the Government in practice interpreted the strategy more flexibly and based its short - term interest rate decisions not just on movements of sterling M3 but also on changes in other monetary aggregates and in the ...
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