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based on gold: circumstances which have resonance with the world of today. We identify aggregate supply, aggregate demand …
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based on gold: circumstances which have resonance with the world of today. We identify aggregate supply, aggregate demand …
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The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central banks pooled interventions – sharing profits and losses – to stabilize the dollar price of gold. Why did it collapse? From at least 1964, the fate of the Pool was in fact tied...
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