Abstract
This paper is concerned with payments’ systems and the level of trade. It thus seems appropriate to begin with a brief reminder both of the methods available to a country wishing to control and adjust its external payments, and of their implications. It brings out the fact that compensation, when policy-induced, is a means of financing international transactions which is associated with inconvertibility.
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Notes
James E. Meade, The Theory of International Economic Policy, vol. II, The Balance of Payments ( London: Oxford University Press, 1951 ), pp. 11–13.
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© 1982 Giuseppe Schiavone
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Matejka, H. (1982). Convertibility, Compensation and East-West Trade. In: Schiavone, G. (eds) East-West Relations. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06327-7_4
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DOI: https://doi.org/10.1007/978-1-349-06327-7_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-33001-2
Online ISBN: 978-1-349-06327-7
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