The Monetary Approach to the Balance of Payments and Related Approaches

Giancarlo Gandolfo

Chapter 12 in International Finance and Open-Economy Macroeconomics, 2016, pp 245-264 from Springer

Abstract: Abstract The idea that changes in the money-stock are important in explaining balance-of-payments adjustment was already present in Mundell’s model, but it was developed by the Monetary Approach to the Balance of Payments (MABP) to give these changes an exclusive importance in the context of a different model based on a pure stock-adjustment behaviour. The assumptions and conclusions of the MABP (amongst which the ineffectiveness of an exchange-rate devaluation) are examined in detail.

Keywords: Exchange Rate; Home Country; Price Level; Money Supply; Financial Asset (search for similar items in EconPapers)
Date: 2016
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:spr:sptchp:978-3-662-49862-0_12

Ordering information: This item can be ordered from
http://www.springer.com/9783662498620

DOI: 10.1007/978-3-662-49862-0_12

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().