Word: disequilibriums
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Dates: during 1940-1949
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...Words. What gave the British their solidest satisfaction was a ruling of the Fund governors on the meaning of "fundamental disequilibrium," a gobbledygook economic cruncher imbedded deep in the Bretton Woods charter...
...forestall such competitive revaluations of currency as had brought chaos to international trade in the '30s, Fund members have pledged themselves not to make revaluations except to rectify fundamental disequilibriums in their economies. But what is a fundamental disequilibrium? Does it, asked the British, cover "unemployment of a chronic or persistent character" caused by an unfavorable export-import balance...
...International Federal Reserve System. In temporary emergencies it could lend foreign currencies to nations which were momentarily hard pressed to meet payments in those currencies. This would save them from embargoing imports or from dumping their own currency and starting competitive currency depreciation. Its only counter to deep-rooted disequilibrium would be to change the par value of a currency...