The Monetary Approach to the Balance of Payments
| By: | Frenkel, Jacob A.; Johnson, Harry G. |
| Publisher: | Taylor & Francis |
| Print ISBN: | 9780415837149 |
| eText ISBN: | 9781135043483 |
| Edition: | 1 |
| Copyright: | 1976 |
| Format: | Reflowable |
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This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.