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Currency convertibility in the Middle East and North Africa /
Currency convertibility -- defined in the broadest sense as the right to convert freely and without limit a currency into any other at the prevailing exchange rate -- is the linchpin of today's globalized world economy. To assess the importance of convertibility, it is only necessary to point o...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington [D.C.] :
International Monetary Fund,
1996.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Currency convertibility -- defined in the broadest sense as the right to convert freely and without limit a currency into any other at the prevailing exchange rate -- is the linchpin of today's globalized world economy. To assess the importance of convertibility, it is only necessary to point out that a system of well-managed convertible national currencies imparts to the international arena advantages analogous to those resulting from the introduction of money in a national economy, most notably, the elimination of barter (and the need for coincidence of needs) as a basis for international trade and the provision of an instrument for the development of financial markets. |
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| Descripción Física: | 1 online resource (x, 188 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781455292073 1455292079 1283537745 9781283537742 |