How an Economy Grows and Why It Crashes


C L O S I N G   T H E   F I S H   W I N D O W



Download 18,46 Mb.
Pdf ko'rish
bet128/185
Sana23.08.2021
Hajmi18,46 Mb.
#154297
1   ...   124   125   126   127   128   129   130   131   ...   185
Bog'liq
how an economy grows

157
C L O S I N G   T H E   F I S H   W I N D O W
Lacking the spine to ask for tough 
choices from his citizens, Slippie 
(as he was known), decided to 
pin the losses on foreigners. He 
took the bold step of closing 
the bank’s fi sh window to 
foreign depositors! From now 
on, the value of Fish Reserve 
Notes on the international 
market would be determined 
only by what someone was 
prepared to trade for them
not because they could be 
redeemed for fi sh. In truth, 
the notes’ value would hang on 
Usonia’s status as a great economic and military power. 
The breaking of the “fi sh standard” caused many islands 
around the ocean to lose confi dence in the notes. Not 
surprisingly, their value dropped sharply. But as they were still 
the most common form of money across the ocean, the fall 
eventually stabilized. Fortunately for the Usonian Senate, the 
closing of the fi sh window allowed the currency crisis to pass 
without bringing on a regime-changing catastrophe (the only 
real danger as far as the senators were concerned). Slippie 
breathed a sigh of relief.
Chuck DeBongo fumed and made threatening speeches. 
But his efforts proved largely symbolic—Usonia’s power was 
unassailable. 



Download 18,46 Mb.

Do'stlaringiz bilan baham:
1   ...   124   125   126   127   128   129   130   131   ...   185




Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©hozir.org 2024
ma'muriyatiga murojaat qiling

kiriting | ro'yxatdan o'tish
    Bosh sahifa
юртда тантана
Боғда битган
Бугун юртда
Эшитганлар жилманглар
Эшитмадим деманглар
битган бодомлар
Yangiariq tumani
qitish marakazi
Raqamli texnologiyalar
ilishida muhokamadan
tasdiqqa tavsiya
tavsiya etilgan
iqtisodiyot kafedrasi
steiermarkischen landesregierung
asarlaringizni yuboring
o'zingizning asarlaringizni
Iltimos faqat
faqat o'zingizning
steierm rkischen
landesregierung fachabteilung
rkischen landesregierung
hamshira loyihasi
loyihasi mavsum
faolyatining oqibatlari
asosiy adabiyotlar
fakulteti ahborot
ahborot havfsizligi
havfsizligi kafedrasi
fanidan bo’yicha
fakulteti iqtisodiyot
boshqaruv fakulteti
chiqarishda boshqaruv
ishlab chiqarishda
iqtisodiyot fakultet
multiservis tarmoqlari
fanidan asosiy
Uzbek fanidan
mavzulari potok
asosidagi multiservis
'aliyyil a'ziym
billahil 'aliyyil
illaa billahil
quvvata illaa
falah' deganida
Kompyuter savodxonligi
bo’yicha mustaqil
'alal falah'
Hayya 'alal
'alas soloh
Hayya 'alas
mavsum boyicha


yuklab olish