International Liquidity

John Williamson

from Palgrave Macmillan

Abstract: Abstract It has long been customary to contrast the aesthetic rigour of the pure theory of international trade with the superior journalism of international monetary economics. No doubt such a contrast still exists, but in recent years the latter field has increasingly followed the trend that has been evident in economics for some two centuries, and a serious technical literature has emerged alongside the profuse writings of a more traditional character. This development has affected both balance-of-payments theory and international-liquidity theory, where the latter is conceived of as that part of international monetary economics that is not confined to establishing what does (or should) determine an individual country’s balance-of-payments position (or policy). The primary aim of this article is to provide a guide to this technical literature, hopefully by casting it into a coherent theoretical framework.

Keywords: Monetary Policy; International Reserve; Reserve Currency; International Liquidity; International Monetary System (search for similar items in EconPapers)
Date: 1977
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-01863-5_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349018635

DOI: 10.1007/978-1-349-01863-5_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().