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    Article

    Domestic Credit and Money Ceilings under Alternative Exchange Rate Regimes

    Under fixed exchange rates, controlling domestic credit achieves maximum short-term stability for the overall balance of payments. However, it does not in itself necessarily ensure that trade balance adjustmen...

    William H. L. Day in Staff Papers (1979)

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    Article

    Flexible Exchange Rates: A Case for Official Intervention

    This paper argues that, in order that the exchange rate should accurately reflect private expectations, official intervention in the foreign exchange market is required to avoid any necessity for the buildup o...

    William H. L. Day in Staff Papers (1977)

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    Article

    A Reform of the European Currency Snake

    Since its inception in April 1972, the European currency snake has been beset on a number of occasions by waves of speculation. Large-scale shortterm capital movements have forced the withdrawals of the United...

    William H. L. Day in Staff Papers (1976)

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    Article

    Dual Exchange Markets versus Exclusive Forward Exchange Rate Support

    This paper compares two mechanisms of official intervention in the foreign exchange market that provide a stable exchange market accessible to traders while insulating the money supply and reserves by the indu...

    William H. L. Day in Staff Papers (1976)

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    Article

    The Advantages of Exclusive Forward Exchange Rate Support

    The author has examined the official foreign exchange intervention mechanism of supporting only the forward exchange rate while maintaining control over the inflow or outflow of money by buying or selling rese...

    William H. L. Day in Staff Papers (1976)

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    Article

    Orígenes y evolución del papiamentu

    H. L. A. Vanwijk in Neophilologus (1958)