The Theory and Practice of Exchange Control in Germany

Language: English

Published by Springer, Springer Jan 1958, 1958

9401552983 / 9789401552981

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This item is printed on demand - Print on Demand Titel. Neuware -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.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 252 pp. Englisch.…

Seller Inventory # 9789401552981

Title
The Theory and Practice of Exchange Control in Germany
Author
Na Child
Publisher
Springer, Springer Jan 1958
Publication year
1958
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
9401552983
ISBN 13
9789401552981
Item weight
388 grams
Dimensions
235x155x14 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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