The economic approach to the balance of payments

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Chapter 9 in The International Monetary System and the Theory of Monetary Systems, 2016, pp 68-87 from Edward Elgar Publishing

Abstract: A statistician records data in the form of a balance of payments account, but what is important is the interpretation of these data. To have a correct understanding of the information supplied by a balance of payments account, some economic analysis is necessary. This is done by comparison with the behaviour of an individual, as regards both his intertemporal choices and his choices concerning the holding of money.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
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