This general introduction to the theory of money and of balance of
payments adjustment was originally published in 1969. It was the
first book to pay full attention to the theory of assets: the
relation of the supply of assets to the demand for holding them and
the significance of asset movements for balance of payments
adjustment. Written in simple language and with brevity, the book
is intended for the student with a general knowledge of economics
and economic institutions, but with no specialised knowledge of
these topics.
General
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