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Productivity Growth and the Competitiveness of the American Economy

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swollen with deutschemarks and yen newly created to purchase unwanted dollars from the markets. When the Bundesbank and the Bank of Japan began to raise their interest rates to slow domestic monetary expansion, the fabric of international monetary cooperation began to unravel. Amid charge and counter-charge by disgruntled fmance ministers, the dollar dropped further and interest rates jumped upward, leading to panic in the stock market on Black Monday. Fortunately, a steady hand and generous supply of credit from the ...

Productivity Growth and the Competitiveness of the American Economy 1989, Springer, Boston, MA

ISBN-13: 9780792390015

1989 edition

Hardcover

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