عنوان

The Theory and Practice of Exchange Control in Germany :

(Number (ISBN

9401553017

(Number (ISBN

9789401553018

Number

b596400

Title Proper

The Theory and Practice of Exchange Control in Germany :

General Material Designation

[Book]

Other Title Information

a Study of Monopolistic Exploitation in International Markets

First Statement of Responsibility

by Frank C. Child.

Place of Publication, Distribution, etc.

Dordrecht

Name of Publisher, Distributor, etc.

Springer Netherlands

Date of Publication, Distribution, etc.

1958

Specific Material Designation and Extent of Item

(x, 241 pages)

Series Title

International scholars forum, 10.

Text of Note

I. Conditions Leading to the Adoption of Exchange Control --; II. In Defense of The Mark --; III. Early Special Exchange Procedures --; IV. The Theory of Monopolistic Terms of Trade --; V. Over-Valuation and Equilibrium --; VI. Exchange Control in Transition --; VII. The New Plan --; VIII. Trading Under the New Plan --; IX. The Gains from Restricted Trade.

Text of Note

The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years. With the exception of the United States no important trading nation in the world of today maintains a freely convertible currency. On the contrary, each nation maintains a more or less comprehensive system of controls over the receipts and payments which can be effected in international markets. Recent efforts to reduce the extent and rigor of exchange regu lation, notably in Western Europe, have yielded modest results; it seems unlikely, however, that foreign exchange transactions will ever again be completely free of controL Foreign exchange control, with a greater or lesser degree of bilateralism, is a product born largely of necessity. Two world wars and a major world-wide depression so distorted the pattern of world trade and investment that free markets were simply unable to achieve their "normal" automatic adjustment. Ex change control, on the other hand, has demonstrated its efficiency as a means of maintaining a semblance of order in disorganized international markets. Unfortunately, however, exchange con trol also has great possibilities for further distortion of the pat tern of world trade, for discrimination, and for economic ex ploitation - for economic effects generally considered undesirable.

Economics.

Class number

Book number

by Frank C. Child.

Frank C Child

Electronic name

[Book]

Y