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A Rules of the Game(2 The practices of selling domestic assets in the face of a deficit and buying domestic assets in the face of a surplus. this terminology is coined by Keynes. Because such measures speeded the movement of all countries toward their external balance goals, they increased the efficiency of the automatic adjustment processes inherent in the gold standard. The incentives to obey the rules applied with greater force to deficit than to surplus countries.Rules of the Game (2) The practices of selling domestic assets in the face of a deficit and buying domestic assets in the face of a surplus. This terminology is coined by Keynes. Because such measures speeded the movement of all countries toward their external balance goals, they increased the efficiency of the automatic adjustment processes inherent in the gold standard. The incentives to obey the rules applied with greater force to deficit than to surplus countries
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