Balance of Payments Theory

Graham Bird

Chapter 4 in International Macroeconomics, 1998, pp 35-48 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to build on the model of the open economy constructed and refined in previous chapters. Contained in the model described there is the core of a general theory of the balance of payments or of the exchange rate.

Keywords: Current Account; Money Supply; Current Account Deficit; Capital Account; Domestic Output (search for similar items in EconPapers)
Date: 1998
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Chapter: Balance of Payments Theory (1987)
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DOI: 10.1057/9780230372290_4

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