Do Exchange Rates Work? : Another View /

This paper investigates the role of exchange rates in balance of payments theories. It explores the sixteen approaches to the balance of payments, the concept of an 'equilibrium' trade balance and sequential 'stages' of the current account. It examines fiscal and demographic infl...

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Bibliografiska uppgifter
Huvudupphovsman: Mundell, Robert
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1991.
Serie:IMF Working Papers; Working Paper ; No. 1991/037
Länkar:Full text available on IMF
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245 1 0 |a Do Exchange Rates Work? :   |b Another View /  |c Robert Mundell. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (58 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper investigates the role of exchange rates in balance of payments theories. It explores the sixteen approaches to the balance of payments, the concept of an 'equilibrium' trade balance and sequential 'stages' of the current account. It examines fiscal and demographic influences on the U.S. deficit. The final section considers the breakdown of the international monetary system after World Wars I and II; an evaluation of alternative proposals to correct the defects of the system; and an examination of the extent to which deficits of reserve countries have their origins in systemic problems. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/037 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/037/001.1991.issue-037-en.xml  |z IMF e-Library