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" Credit will be regulated, not only with a view to maintaining the. currencies • at par with one another, but also with a view to preventing undue fluctuations in the purchasing power of gold. "
Stabilization: Hearings Before the Committee on Banking and Currency House ... - Page 121
by United States. Congress. House. Committee on Banking and Currency - 1927 - 1144 pages
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Banking and Currency

William Jayne Weston - Banks and banking - 1922 - 356 pages
...maintaining the currencies at par with one another, but also with a view to preventing undue fluctuations ia the purchasing power of gold. It is not contemplated,...have been assured in matters outside the province of participating countries." APPENDIX IX. THE TEIAL OF THE PYX. The manner in which the public are assured...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 32

Economics - 1922 - 616 pages
...unlimited power which the currency authorities will have over the value of gold itself. Accordingly " credit will be regulated, not only with a view to...undue fluctuations in the purchasing power of gold " (Res. 11 (7)). Critics of the Genoa resolutions have for the most part either overlooked this recommendation...
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The American Economic Review, Volume 13

Economics - 1923 - 822 pages
...again, in Section 11 of these resolutions, the Committee accented this proposal when it declared : Credit will be regulated not only with a view to maintaining...undue fluctuations in the purchasing power of gold. The Committee framing these resolutions comprised some of the ablest economists of Europe. As to the...
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Currency and Credit

Ralph George Hawtrey - Credit - 1923 - 464 pages
...to a general return to the gold standard, and provide inter alia for the future regulation of credit with a view to preventing undue fluctuations in the purchasing power of gold. The fluctuations that have occurred in the purchasing power of gold in the last three years have already...
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Monetary Reform

John Maynard Keynes - Currency question - 1924 - 276 pages
...of issue" (Res. 3), and an international convention, based on a gold exchange standard, and designed "with a view to preventing undue fluctuations in the purchasing power of gold" (Ees. II).1 But he is not in favor of resuming the gold standard irrespective of "whether the difficulties...
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Journal of the Royal Statistical Society, Volume 88

Royal Statistical Society (Great Britain) - Electronic journals - 1925 - 738 pages
...1922. they recommend the development through the central banks of an international policy under which " credit will be regulated not only with a view to maintaining...fluctuations in the purchasing power of gold." It is interesting to note the revival of arguments which were familiar to agriculturists in the " Nineties,"...
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Economic Series, Issues 1-6

Agriculture - 1925 - 874 pages
...with the object of restoring the gold standard and developing internationally a policy under which " credit will be regulated, not only with a view to...undue fluctuations in the purchasing power of gold." (Genoa Conference, Resolution 11 (7)). 37. In making this recommendation we are fully aware that the...
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Indian Currency and Exchange

Hashmatrai Lekhraj Chablani - Currency question - 1925 - 200 pages
...countries is an essential condition in the problem. Lastly, these schemes aim at regulating credit ' not only with a view to maintaining the currencies...undue fluctuations in the purchasing power of gold ' (vide resolution No. 11, Genoa Conference). In other words, these schemes imply: («) international...
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Report of the ... Meeting, Volume 17

ANZAAS. - Australia - 1926 - 830 pages
...international co-operation. This is in accordance with the policy agreed upon at the Genoa Conference in 1922. "Credit will be regulated, not only with a view to...undue fluctuations in the purchasing power of gold." (Resolution 11, 7.) It is not necessary to describe the working of the gold-exchange standard as it...
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International Labor Conference, Volume 2; Volume 8, Issue 2

Labor - 1926 - 790 pages
...power of gold which might otherwise result from a general return to the gold standard is desirable. "Credit will be regulated not only with a view to...undue fluctuations in the purchasing power of gold" (Resolution 11, 7); and one of the means by which the Committee, like the Genoa Conference, considers...
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