" -John Maynard Keynes, A Tract on Monetary Reform (1923) A Tract on Monetary Reform (1923), by British economist John Maynard Keynes, is a masterly analysis of the world monetary situation at the beginning of the twentieth century.

High exchange rate premiums make controlling inflation more difficult and hurt both official exports and tax revenue from foreign trade. A high premium also accelerates capital flight.

Introductory.--Coined cash.

La Constitución de 1991 erigió al Banco de la República como un banco central independiente y a su junta directiva como la autoridad monetaria. cambiaria y crediticia.