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us stocks indexMicrosoft PowerApps and Flow are two great tools that can be used to be more productive. Bell (1973) , pointed out that the inflows into Europe in 1970 and 1971, led to increases in European central bank? holdings of dollars. The Bundesbank was impacted to a higher extent than other central banks, and this was reinforced following February 1971 by speculative stress against the dollar, and in favour of the DM and to a lesser extent the Swiss-Franc (SFr). Given, that the dollar inflows from the underlying US balance of payments deficit, had been maybe only a quarter of the total dollar flow in Western Europe, and Japan over the year to August 1971 , the Euro-dollar market may have tremendously magnified the issue of the dollar. Bell concludes that the existence of the Euro-dollar market place most likely brought on re-alignment and the subsequent breakdown to happen …
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