INTEREST RATES AND FOREIGN DOLLAR BALANCES

Authors

  • Robert F. Gemmill

    1. Board of Governors of the Federal Reserve System
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    • The views expressed do not necessarily reflect those of the Federal Reserve System. The author is indebted to J. H. Furth and A. B. Hersey for comments and to Margaret Garber for providing estimates used to derive the data in Chart 2.

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