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The Need for and Means of Balance of Payments Adjustment

Graham Bird

Chapter 9 in World Finance and Adjustment, 1985, pp 205-240 from Palgrave Macmillan

Abstract: Abstract There are two basic policy problems associated with the balance of payments. The first is to determine the circumstances under which policy action (as opposed to inaction) is needed. The second is to determine what form this action should take. Related to both these questions is the further one of how balance of payments difficulties arise in the first place.

Keywords: Exchange Rate; Current Account; Real Exchange Rate; Capital Account; Payment Policy (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17938-1_9

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DOI: 10.1007/978-1-349-17938-1_9

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