The Theory of the Balance of Payments

Imad A Moosa and Razzaque H Bhatti
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Imad A Moosa: Monash University, Australia
Razzaque H Bhatti: Gulf University for Science and Technology, Kuwait

Chapter 4 in The Theory and Empirics of Exchange Rates, 2009, pp 104-148 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:The Price-Specie Flow MechanismThe Elasticities Approach and the J-Curve EffectThe Keynesian Multiplier ApproachThe Income Absorption ApproachThe Monetary Approach to the Balance of PaymentsFundamental Propositions of the Monetary ApproachA Simple Monetary Model of the Balance of PaymentsA Diagrammatic Representation of the Monetary ApproachAn Expanded Monetary Model of the Balance of PaymentsPolicy Implications of the Monetary ApproachA Comparison of the Monetary and Keynesian ModelsA Synthesis of Monetary and Keynesian ApproachesRecapitulation

Keywords: Models of Exchange Rate Determination; Balance of Payments; Macroeconomic Approach to Exchange Rates; Microstructure Approach to Exchange Rates; Mundell-Fleming Model; Flexible-Price Monetary Model of Exchange Rates; Portfolio Balance Model; Currency Substitution Model (search for similar items in EconPapers)
JEL-codes: I10 (search for similar items in EconPapers)
Date: 2009
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