Question
What happens to the central bank balance sheet when a foreign central bank requests to convert their deposit at the central bank into gold? When
What happens to the central bank balance sheet when a foreign central bank requests to convert their deposit at the central bank into gold?
When the local currency gains value (i.e. price of gold in the local currency drops below the convertible value), what would the central bank do?
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
