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Under a gold standard, countries may adopt excessively contractionary monetary policies as all countries scramble in vain for a larger share of the limited supply
Under a gold standard, countries may adopt excessively contractionary monetary policies as all countries scramble in vain for a larger share of the limited supply of world gold reserves. Can the same problem arise under a reserve currency stan- dard when bonds denominated in different currencies are all perfect substitutes
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CISA Certified Information Systems Auditor All In One Exam Guide
Authors: Peter H. Gregory
4th Edition
1260458806, 978-1260458800
