1st Edition

Balance of Payments Theory and Economic Policy

By Robert Stern Copyright 1973
454 Pages
by Routledge

454 Pages
by Routledge

451 Pages
by Routledge

An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The... Read more
1: Balance-of-Payments Concepts and Measurement; 2: The Foreign Exchange Market; 3: Balance-of-Payments Adjustment Under Freely Fluctuating Exchange Rates; 4: Balance-of-Payments Adjustment Under the Gold Standard; 5: Balance-of-Payments Adjustment Under Pegged Exchange Rates; 6: The Income Approach to Balance-of-Payments Adjustment; 7: The Price and Income Approaches to Balance-of-Payments Adjustment; 8: International Long-Term Capital Movements; 9: Restrictions on Tirade and Payments for Balance-of-Payments Adjustment; 10: Monetary and Fiscal Policies for Internal and External Balance; 11: Economie Growth and the Balance of Payments; 12: Problems of the International Monetary System

Biography

Robert Stern