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The exchange rate and the price level

Manfred Willms

Intereconomics – Review of European Economic Policy (1966 - 1988), 1971, vol. 06, issue 9, 278-280

Abstract: The US-Dollar has inflated the world. Its vehicle is the present international monetary system of pegged exchange rates. This system which was introduced to stimulate International trade and division of labour between the different countries became an important promoter of world wide inflation.

Keywords: International; monetary; policy (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:inteco:138525

DOI: 10.1007/BF02929118

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