Contains a statement of the balance-of-payments accounting, and a
critical appraisal of balance-of-payments adjustment theory. The
book also features chapters on the capital account of the
balance-of-payments and on the new theory of exchange rate
determination (with discussion of the EMS). There is extensive and
extended coverage of the UK's balance of payments position with
chapters on the structural and non-price determinants of trade and
the balance-of-payments as well as the link between
de-industrialization and the balance-of-payments.
General
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