Details

Autor(en) / Beteiligte

• Kenen, Peter B

Titel

The International Position of the Dollar in a Changing World

Ist Teil von

• Essays in International Economics, 2019, Vol.5334, p.319-332

Ort / Verlag

Princeton: Princeton University Press

Erscheinungsjahr

2019

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Peaceable relations between states require that each nation affected by another’s acts be induced to acquiesce in all those acts, but this acquiescence may take many forms. It may be quite positive, involving affirmation and, at times, concerted action, or it may be negative, involving mere silence or pro forma protest and, most importantly, total abstinence from countervailing acts. Economic and financial relations between states display all forms of acquiescence and too often demonstrate the sad results of failure to obtain consent. Their history, however, manifests gradual progress from an erratic reliance on tacit consent to a wide-ranging reliance on