Includes seven papers originally published in the Fund"s "Staff papers" between 1957 and 1973.
|The Physical Object|
|Number of Pages||290|
This is a review article of the theoretical papers in The Monetary Approach to the Balance of Payments, edited by Jacob A. Frenkel and Harry G. academyrealtor.com book will be referred to as F.J. Part II of this book contains empirical academyrealtor.com by: Jul 18, · This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the s. 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 s, the Keynesian Revolution and a long period of Cited by: 2. The fundamental insight of the monetary approach is that the balance of payments is essentially a monetary phenomenon. The very concept of a balance of payments implies the existence of money; as one writer puts it, "Indeed, it would be impossible to have a balance-of-payments surplus or deficit in a barter economy.". Get this from a library! The monetary approach to the balance of payments: a survey. [Mordechai E Kreinin; Lawrence H Officer].
PREFACE. The purpose of this book is to collect for the convenience of the reader the ‘basic documents’ of a recently-developing new approach to the theory of the balance of payments and of balance-of-payments policy, the so-called ‘monetary approach to the balance of payments’, together with some avowedly highly tentative attempts to subject the new approach to empirical testing. The monetary approach can be analyzed separately for fixed and floating exchange rates. If the exchange rate is fixed then the monetary approach pertains to the balance of payments, and in such a case the approach is called the Monetary Approach to Balance of Payments. The Monetary Approach to the Balance of Payments (Collected Works of Harry Johnson) DOI link for The Monetary Approach to the Balance of Payments (Collected Works of Harry Johnson) The Monetary Approach to the Balance of Payments (Collected Works of Harry Johnson) book. Abstract. As we said in the introductory remarks in Chapter 2, the focus of the monetary approach to the balance of payments is on the balance of payments as a whole (the current and the capital account) so that a balance-of-payments disequilibrium is equivalent to a change in the level of international academyrealtor.com: A. P. Thirlwall.
Get this from a library! The monetary approach to the balance of payments.. [International Monetary Fund.;] -- This book brings together several of the most important research papers on the monetary approach to the balance of payments prepared by IMF staff members. Nov 25, · An overview of monetary systems and exchange rate regimes; The accounting approach to the balance of payments; The economic approach to the balance of payments; Lessons from the analysis of the balance of payments; Money creation in hierarchical systems; Inflation, a monetary phenomenon; The formation of international pricesAuthor: Pascal Salin. The monetary approach to the balance of payments and exchange-rate determination is a currently popular version of the asset market approach. This analyses changes in Author: Rosalind Levačić, Alexander Rebmann. The most important contribution of the monetary approach to the balance of payments is its focus on the role of money as opposed to the focus of traditional approaches on the real variables and on.