Balance-of-payments theory and the United Kingdom experience
Author(s)
Bibliographic Information
Balance-of-payments theory and the United Kingdom experience
Macmillan, 1992
4th ed
- : hard
- : pbk
Available at 19 libraries
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  Niigata
  Toyama
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  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
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  United Kingdom
  Germany
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  France
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  Netherlands
  Sweden
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  United States of America
Note
Previous ed.: 1986
Bibliography: p. 401-422
Includes index
Description and Table of Contents
Description
Contains a statement of balance-of-payments accounting, and a critical appraisal of balance-of-payments adjustment theory. The book also features chapters on the capital account of balance-of-payments and the theory of exchange rate determination in the United Kingdom.
Table of Contents
- Part 1 Balance-of-payments accounting and the foreign-exchange market: concepts of the balance of payments
- the accounting balance of payments
- balance-of-payments equilibrium
- more on the concept of equilibrium
- the foreign-exchange market
- the demand for dollars
- the supply of dollars
- capital movements and speculation
- the forward rate of exchange
- types of exchange-rate regime
- fixed versus flexible exchange rates
- exchange rate reform. Part 2 The capital account of the balance of payments: the components of the capital account
- official reserves
- special drawing rights
- the balancing item
- the capital account and the net external wealth of the UK. Part 3 Exchange rate determination: theories of exchange rate determination
- purchasing power parity
- current balance model
- the importance of theories of expectations formation
- the Mundell-Fleming model
- exchange rate overshooting models
- the portfolio model of exchange rate determination
- speculatice bubble models of exchange rate determination
- exchange rate determination - what have we learnt?
- exchange rate systems and policies
- fixed versus flexible exchange rates
- types of exchange rate regime
- controls on capital movements
- exchange rate policy in the 1990s. Part 4 The balance of payments and the national economy: the integration of the balance of payments into the nationnal accounts
- the conflict between balance-of-payments equilibrium and other objectives of economic policy
- income equilibrium in an open economy and the foreign-trade mulitplier
- the foreign-trade multiplier relating imports to expenditure
- the 'new' foreign-trade multiplier with foreign repercussions
- balance-of-payments adjustment
- the classical price-specie flow mechanism
- the elasticity approach
- the absorption approach
- the monetary approach. Part 5 The elasticity approach to the balance of payments: the Marshall-Lerner condition derived
- devaluation and the response of firms
- lags and the J-curve effect
- devaluation and inflation
- payments imbalance in the World economy
- devaluation and the terms of trade
- the difficulties of measuring price elasticities. Part 6 The absorption approach to the balance of payments: the direct effect of devaluation on income
- the direct effect of devaluation on absorption
- the interaction between changes in income and changes in absorption
- strengths and dangers of the absorption approach
- the monetary aspects of balance-of-payments deficits
- domestic credit expansion. Part 7 The monetary approach to the balance of payments. Part 8 Simultaneous internal and external balance: internal and external balance under flexible exchange rates with no capital movements
- internal and external balance under fixed exchange rate woth capital movementsl internal and external balance in an IS-LM curve framework
- the use of monetary and fiscal policy under alternative exchange-rate regimes
- the assignment of policies in the United Kingdom. (part contents).
by "Nielsen BookData"