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The monetary approach to balance of payments: a taxonomy with a comprehensive reference to the literature.(ECONOMICS ARTICLES)
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Journal of Economics and Economic Education Research
- Article date:
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September 1, 2005
- Author:
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Copyright informationCOPYRIGHT 2005 The DreamCatchers Group, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ABSTRACT
This paper provides a taxonomy of the monetary approach to the balance of payments with a comprehensive reference guide to the literature. The paper very briefly reviews the three major alternative theories of balance of payments adjustments. These theories are the elasticities and absorption approaches (associated with Keynesian theory), and the monetary approach. The paper focuses on the monetary approach to balance of payments and points to the long-run and short-run lines of research within the monetary approach to balance of payments. Throughout, the paper provides a comprehensive set of references corresponding to each point discussed. Together, these ...
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