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In the traditional "classical" view no intervention by the authorities was necessary to maintain external equilibrium, except for their readiness to convert currency into gold (or silver) upon demand.
It is shown that the delay effects due to intra grain diffusion plays a significant role thereby rendering external equilibrium assumptions unsuitable.
In conclusion, The RMB exchange rate is a key variable that can affect the internal and external equilibrium of the national economy in an open economic environment, and the stock market is capable of quickly reflecting subtle changes in the real economy.
Similar(57)
Some have argued that, if exchange rates were allowed to float, nothing further would have to be done officially to bring the external balance into equilibrium, but this is a minority view.
The idea was that interest-rate adjustments should be combined with open-market operations by a central bank to ensure that the domestic money supply and borrowing facilities were conducive to external long-period equilibrium.
In a sustainable equilibrium, external costs are internalized, but not in the optimal way.
This reflects issues related to external validity and equilibrium effects and suggests that caution in implementation is warranted.
According to LeChatelier's Principle, if Fe2+ is added to an Fe0/H2O system (external FeII), the equilibrium will be shifted to the left, meaning that less Fe0 is corroded.
However, in the absence of external input, the equilibrium activity bump drifts over the megamap [10], so it is important to choose (textbf{x}_{k}) to be a location from which activity bumps do not drift.
After changing the concentration of the external solution, initial equilibrium was broken and an incoming flux of water into the sample arises to re-equilibrate both solutions.
This approach adopts a concept of the equilibrium between external energy and the one dissipating in the hinge mechanism.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com