Balance-of-payments theory and the United Kingdom experience:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Basingstoke u.a.
Macmillan
1992
|
| Ausgabe: | 4. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 437 S. graph. Darst. |
| ISBN: | 0333543114 0333566483 |
Internformat
MARC
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| 245 | 1 | 0 | |a Balance-of-payments theory and the United Kingdom experience |c A. P. Thirlwall and Heather D. Gibson |
| 250 | |a 4. ed. | ||
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| 650 | 4 | |a Monetäre Außenwirtschaftstheorie / Theorie | |
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Datensatz im Suchindex
| _version_ | 1804120085328035840 |
|---|---|
| adam_text | Contents
Preface to the Fourth Edition x
Acknowledgements xiii
1 Balance of Payments Accounting and the Foreign
Exchange Market 1
Concepts of the balance of payments 1
The accounting balance of payments 2
Balance of payments equilibrium 5
More on the concept of equilibrium 13
The foreign exchange market 22
The demand for dollars 23
The supply of dollars 25
Capital movements and speculation 30
The forward rate of exchange 32
2 The Capital Account of the Balance of Payments 37
The components of the capital account 38
Official Reserves 41
Special Drawing Rights (SDRs) 46
The Balancing Item 49
The capital account and the net external wealth
of the UK 51
3 Exchange Rate Determination 59
Theories of exchange rate determination 60
Purchasing Power Parity 60
Current Balance Model 65
The importance of theories of expectations
formation 66
v
vi Contents
The Mundell Fleming Model 69
Exchange Rate Overshooting Models 77
The Portfolio Model of exchange rate determination 85
Speculative Bubble Models of exchange rate
determination 91
Exchange rate determination: what have we learnt 94
Exchange rate systems and policies 96
Fixed versus flexible exchange rates 97
Types of exchange rate regime 102
Controls on capital movements 121
Exchange rate policies in the 1990s 127
4 The Balance of Payments and the National Economy 129
The integration of the balance of payments into the
national accounts 129
The conflict between balance of payments
equilibrium and other objectives of economic policy 131
Income equilibrium in an open economy and the open
economy multiplier 136
The open economy multiplier relating imports to
expenditure 139
The new open economy multiplier with foreign
repercussions 145
Balance of payments adjustment 148
The classical price specie flow mechanism 150
The elasticity approach 150
The absorption approach 152
The monetary approach 153
5 The Elasticity Approach to the Balance of Payments 155
The Marshall Lerner condition derived 155
Devaluation and the response of firms 162
Lags and the / curve effect 166
Devaluation and inflation 168
Devaluation and the terms of trade 177
The difficulties of measuring price elasticities 178
6 The Absorption Approach to the Balance
of Payments 183
The direct effect of devaluation on income 185
Contents vii
The direct effect of devaluation on absorption 186
The interaction between changes in income and
changes in absorption 188
Strengths and dangers of the absorption approach 190
The monetary aspects of balance of payments deficits 192
Domestic credit expansion 193
7 The Monetary Approach to the Balance of Payments 195
8 Simultaneous Internal and External Balance 203
Internal and external balance under flexible exchange
rates with no capital movements 205
Internal and external balance under fixed exchange
rates with capital movements 209
Internal and external balance in an IS LM curve
framework 214
The use of monetary and fiscal policy under alternative
exchange rate regimes 216
The assignment of policies in the United Kingdom 217
9 A History of the UK Balance of Payments 219
1854 to 1939 219
1940 to 1950 225
1951 to 1959 228
1960 to 1969 231
Devaluation, 1967 239
1970 to 1979 243
Since 1980 251
Appendix: a polemic on floating the pound, 1972 258
10 Import Functions 272
The determinants of imports 272
Imports and capacity 274
Imports and labour market bottlenecks 278
Imports and income (estimates of income
elasticities) 281
Imports and relative prices (estimates of price
elasticities) 285
Import penetration 286
|
| any_adam_object | 1 |
| author | Thirlwall, Anthony P. 1941-2023 Gibson, Heather D. 1961- |
| author_GND | (DE-588)124109934 (DE-588)129664545 |
| author_facet | Thirlwall, Anthony P. 1941-2023 Gibson, Heather D. 1961- |
| author_role | aut aut |
| author_sort | Thirlwall, Anthony P. 1941-2023 |
| author_variant | a p t ap apt h d g hd hdg |
| building | Verbundindex |
| bvnumber | BV005895951 |
| classification_rvk | QM 300 |
| ctrlnum | (OCoLC)246756299 (DE-599)BVBBV005895951 |
| dewey-full | 382.17 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 382 - International commerce (Foreign trade) |
| dewey-raw | 382.17 |
| dewey-search | 382.17 |
| dewey-sort | 3382.17 |
| dewey-tens | 380 - Commerce, communications, transportation |
| discipline | Wirtschaftswissenschaften |
| edition | 4. ed. |
| era | Geschichte gnd |
| era_facet | Geschichte |
| format | Book |
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| language | English |
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| physical | XIII, 437 S. graph. Darst. |
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| spelling | Thirlwall, Anthony P. 1941-2023 Verfasser (DE-588)124109934 aut Balance-of-payments theory and the United Kingdom experience A. P. Thirlwall and Heather D. Gibson 4. ed. Basingstoke u.a. Macmillan 1992 XIII, 437 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Geschichte gnd rswk-swf Monetäre Außenwirtschaftstheorie / Theorie Zahlungsbilanz / Großbritannien Geschichte (DE-588)4020517-4 gnd rswk-swf Zahlungsbilanz (DE-588)4067281-5 gnd rswk-swf Zahlungsbilanztheorie (DE-588)4124487-4 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Großbritannien (DE-588)4022153-2 gnd rswk-swf Großbritannien (DE-588)4022153-2 g Zahlungsbilanz (DE-588)4067281-5 s Geschichte (DE-588)4020517-4 s DE-604 Zahlungsbilanztheorie (DE-588)4124487-4 s Geschichte z 1\p DE-604 Theorie (DE-588)4059787-8 s 2\p DE-604 Gibson, Heather D. 1961- Verfasser (DE-588)129664545 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003691465&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Thirlwall, Anthony P. 1941-2023 Gibson, Heather D. 1961- Balance-of-payments theory and the United Kingdom experience Monetäre Außenwirtschaftstheorie / Theorie Zahlungsbilanz / Großbritannien Geschichte (DE-588)4020517-4 gnd Zahlungsbilanz (DE-588)4067281-5 gnd Zahlungsbilanztheorie (DE-588)4124487-4 gnd Theorie (DE-588)4059787-8 gnd |
| subject_GND | (DE-588)4020517-4 (DE-588)4067281-5 (DE-588)4124487-4 (DE-588)4059787-8 (DE-588)4022153-2 |
| title | Balance-of-payments theory and the United Kingdom experience |
| title_auth | Balance-of-payments theory and the United Kingdom experience |
| title_exact_search | Balance-of-payments theory and the United Kingdom experience |
| title_full | Balance-of-payments theory and the United Kingdom experience A. P. Thirlwall and Heather D. Gibson |
| title_fullStr | Balance-of-payments theory and the United Kingdom experience A. P. Thirlwall and Heather D. Gibson |
| title_full_unstemmed | Balance-of-payments theory and the United Kingdom experience A. P. Thirlwall and Heather D. Gibson |
| title_short | Balance-of-payments theory and the United Kingdom experience |
| title_sort | balance of payments theory and the united kingdom experience |
| topic | Monetäre Außenwirtschaftstheorie / Theorie Zahlungsbilanz / Großbritannien Geschichte (DE-588)4020517-4 gnd Zahlungsbilanz (DE-588)4067281-5 gnd Zahlungsbilanztheorie (DE-588)4124487-4 gnd Theorie (DE-588)4059787-8 gnd |
| topic_facet | Monetäre Außenwirtschaftstheorie / Theorie Zahlungsbilanz / Großbritannien Geschichte Zahlungsbilanz Zahlungsbilanztheorie Theorie Großbritannien |
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