The international adjustment process

@inproceedings{Lattre1989TheIA,
  title={The international adjustment process},
  author={Andr{\'e} de Lattre},
  year={1989}
}
  • André de Lattre
  • Published 1989
  • Economics
  • SUERF has been well inspired to take the adjustment process as the theme of its 1988 colloquium. Particularly since the crisis of October 1987, the world seems to be concerned mostly with short-term fluctuations — in exchange rates, where very large daily fluctuations are now common, or in interest rates, which are or should be manipulated for demand management. It is then highly appropriate to ask oneself if the longer-term adjustment process is still working, and with what objective. 

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