Machlup International Monetary Economics

Erscheinungsjahr 2013
ISBN: 978-1-136-51422-7
Verlag: Taylor & Francis
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 488 Seiten

Containing Fritz Machlup's papers on international finance spanning thirty years, this volume includes pieces translated into English for the first time. Focussing on the theme of the balance of payments, the work is structured as follows: Foreign Exchanges and Balance of Payments, The Effects of Devaluation, Gold and Foreign Reserves, Capital Movements and the Transfer Problem. An introduction to each section by the author is included.

Autoren/Hrsg.

Machlup, Fritz

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik

Inhaltsverzeichnis

Part One: Foreign Exchange and Balance of Payments



Introduction to Part One

1. The Theory of Foreign Exchanges

2. Elasticity Pessimism in International Trade

3. Three Concepts of the Balance of Payments and the So-Called Dollar Shortage

4. Dollar Shortage and Disparities in the Growth of Productivity

5. Equilibrium and Disequilibrium: Misplaced Concreteness and Disguised Politics

6. Comments on the "the Balance of Payments"

7. The Mysterious Numbers Game of Balance-of-Payments Statistics



Part Two: The Effects of Devaluation

Introduction to Part Two

8. Relative Prices and Aggregate Spending in the Analysis of Devaluation

9. The Terms-of-Trade Effects of Devaluation upon Real Income and the Balance of Trade

Part Three: Gold And Foreign Reserves

Introduction to Part Three

10. Eight Questions on Gold

11. A Proposal to Reduce the Price of Gold

12. The Fuzzy Concepts of Liquidity, International and Domestic

13. Further Reflections on the Demand for Foreign Relations

Part Four: Foreign Exchange and Balance of Payments

Introduction to Part Four

14. Plans for Reform of the International Monetary System

Part Five: Capital Movements and the Transfer Problem

Introduction to Part Five

15. The Transfer Problem: Theme and Four Variations

16. Foreign Debts, Reparations and the Transfer Problem

17. Transfer and Price Effects

18. The Transfer Problem: Income Effects and Price Effects

19. The Transfer Problem Revisited

20. Capital Movements and Trade Balance