International Trade under Inconvertible Paper

James Waterhouse Angell

The Quarterly Journal of Economics, 1922, vol. 36, issue 3, 359-412

Abstract: I. Introductory, 360. — The purchasing-power-parity doctrine; objections to it, 361. — II. The foreign exchange markets, 364. — General method; basic assumptions, 367. — The principal media of international payment, 368. — Mechanism of the exchange market; equilibrium tendencies, 369. — The formula for media of payment; for the exchange rate, 376. — The short-run par of exchange under paper, 379. — III. The commodity markets, 383. — The relations between prices of media of payment and of commodities, 385. — The formula for exports and imports; nature of the equilibrium tendencies, 389. — Changes in the volume of commodity movements, 392. — Mechanism of the exchange and commodity markets in a specific case of disturbance, 394. — Summary of results to this point, 398. — IV. Long-run aspects, 399. — Long-run results of the specific disturbance previously examined, 400. — Relations between domestic and international prices, 404. — The business cycle, 408. — The paper par of exchange, 410. — Conclusion, 411.

Date: 1922
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.2307/1886031 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:36:y:1922:i:3:p:359-412.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().