provide a level of confidence to markets that a country can meet its external (ii) the responsibilities of the central bank, if any, for foreign exchange reserves, 

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The Gold Standard Flashcards | Quizlet the gold standard represented stability in the international financial system. Provide one reason why the gold standard made the Depression worse than it otherwise might have been (Hint: Greece is having a similar issue). exchange rates could not adjust meaning adjustment had to come through domestic prices like wages (which is hard)

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