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- W2381637018 abstract "According to the monetary theory of BOP,there is a repeated reactive circulation between capital flow and money supply,and the interaction ends as internal and external economy resumes a balance at a new level.IS-LM-BP model can illustrate such complicated circulation mechanism and its result.Under fixed exchange rate system,when capital can not flow freely,IS-LM-BP model and AS-AD model analysis shows that out-flow of capital has a tightening effect on the domestic money supply,which depresses the price level.On the contrary,the capital flow has an expanding effect on the domestic money supply,which increase the price level." @default.
- W2381637018 created "2016-06-24" @default.
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- W2381637018 date "2005-01-01" @default.
- W2381637018 modified "2023-09-26" @default.
- W2381637018 title "Capital Flow,Money Supply and Price Level:A Theoretical Frame" @default.
- W2381637018 hasPublicationYear "2005" @default.
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