What are the automatic adjustment mechanisms in the balance of payments that returns it to equilibrium under a fixed exchange rate system? Do any of these apply to the U.S., even though
The price adjustment Mechanisms with Flexible and Fixed Exchange Rates
The price adjustment Mechanisms with Flexible and Fixed Exchange Rates
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The Stability of the Gold Standard and the Evolution of the International Monetary System in: IMF Working Papers Volume 1995 Issue 089 (1995)
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PDF) The Adjustment Mechanism
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PDF) The Adjustment Mechanism
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