| United States. President - 1982 - 406 páginas
...short run, we can, and in many cases do, lend foreigners the dollars to finance their purchases of our exports. When such loans are made at market rates of interest, trade is advanced. But when governmentsubsidized credit is provided, instead, such funds are denied to other,... | |
| Cato Institute - 1985 - 312 páginas
...chemicals, or machinery—unless, of course, we make up the difference through loans or transfer payments. In the short run, it is true that we can and do lend...loans are made at market rates of interest, trade is properly advanced. However, when government-subsidized credit is provided, such funds are denied... | |
| James Tobin, Murray L. Weidenbaum - 1988 - 548 páginas
...short run, we can, and in many cases do, lend foreigners the dollars to finance their purchases of our exports. When such loans are made at market rates of interest, trade is advanced. But when governmentsubsidized credit is provided, instead, such funds are denied to other,... | |
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