explains what these developments mean for U.S. dollar policy. There is no conflict between what is appropriate U.S. monetary … for U.S. policymakers is to provide an anchor for the dollar. Recent experience in other countries suggests that a … policy at home or abroad because the dollar is the world's key currency country. Both at home and abroad, the main problem …

of financial relations between U.S. banks and Chilean firms after socialist Salvador Allende took office in 1970 …. Business reports and stock prices suggest that firms were mostly unaffected by having fewer links with U.S. banks. Substitution …

A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy … constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital … is what constrains the number of units it operates using this unit of technology capital. If it has two units of …