Book description
This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Original Copyright Page
- Dedication
- CONTENTS
- Preface
- List of Contributors
-
PART ONE—THEORETICAL
- I Introductory Essay
- II Basic Articles
-
III Further Developments
- 4 The International Distribution of Money in a Growing World Economy
- 5 A Dynamic Analysis of the Balance of Payments in a Model of Accumulation
- 6 The Monetary Approach to Balance-of-Payments Theory
- 7 Devaluation, Money, and Non-Traded Goods
- 8 Tariffs and the Balance of Payments: A Monetary Approach
- 9 Money and Wealth in an Open Economy Income-Expenditure Model
- 10 Monetary Policy under Fixed Exchange Rates: Effectiveness, the Speed of Adjustment, and Proper Use
- 11 The Monetary Theory of Balance-of-Payments Policies
-
PART TWO—EMPIRICAL
-
IV Case Studies
- 12 Monetary Equilibrium and International Reserve Flows in Australia
- 13 Aspects of the Monetary Approach to Balance-of-Payments Theory: An Empirical Study of Sweden
- 14 International Reserve Flows and Money Market Equilibrium: The Japanese Case
- 15 The Balance of Payments as a Monetary Phenomenon: Empirical Evidence, Spain 1955–71
- V Application to Economic History
-
IV Case Studies
- Index
Product information
- Title: The Monetary Approach to the Balance of Payments
- Author(s):
- Release date: July 2013
- Publisher(s): Routledge
- ISBN: 9781135043483
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