VOL. XXXVIII
NO. 29
17-APRIL-1995
Financial and Banking News
Financial Policy
The Importance of Oil
There has, however, been one absolutely fundamental change in policyattitudes: a recognition that economic difficulties are unlikely to be solved bymanipulating the price of oil. The refrain of former years, that if only oilexporters could coordinate policy more effectively, prices could be raised andeconomic difficulties would disappear, is much less frequently heard now. Inrecent months this has...
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