Canada and the Gold Standard

- Balance of Payments Adjustment under Fixed Exchange Rates, 1871-1913 (Canada and the Gold Standard: Balance of Payments Adjustment under Fixed Exchange Rates, 1871-1913)

af

indgår i serie Studies in Macroeconomic History


Canada and the Gold Standard
  • Leveringstid 2-3 uger
  • Forventet levering 06-12-2019
Format:
Bog, hardback
Udgivelsesdato:
24-04-1992
Sprog:
Engelsk
  • Beskrivelse
  • Yderligere info
  • Anmeldelser

In this re-examination of Canada's balance-of-payments experience under the gold standard, the authors develop and empirically test a new portfolio approach to the mechanism of balance-of-payments adjustment. This adjustment mechanism responded to massive inflows of foreign capital during a critical period of Canada's economic growth in the early years of the twentieth century. The authors show that the existence of international mobility of capital requires a fundamental revision of the price-specie-flow theory that has traditionally been used to explain adjustment when the balance of payments was more nearly dominated by the balance of trade. The approach taken by Professors Dick and Floyd not only answers the critics of Jacob Viner, who first explored the Canadian case after 1900, but also offers a new perspective on how the gold standard in general actually worked. This interpretation of the Canadian experience is an extension of the monetary approach to balance-of-payments adjustment that realizes the full implications of international capital mobility.

Vis mereVis mindre

Udgivelsesdato:
24-04-1992
ISBN13:
9780521404082
Vægt:
475 g
Dybde:
19 mm
Bredde:
158 mm
Højde:
236 mm
Format:
Hardback

Vis mereVis mindre

Vis mereVis mindre

Fandt du ikke hvad du søgte?

Hvis denne bog ikke er noget for dig, kan du benytte kategorierne nedenfor til at finde andre titler. Klik på en kategori for at se lignende bøger.

Velkommen til Saxo - din danske boghandel!

Hos os kan du handle som Gæst, Saxo-bruger eller Saxo Premium-medlem. Du bestemmer selv, og vores kundeservice sidder altid klar med hjælp.

Om medlemspriser hos Saxo

Hvis du køber til medlemspris, bliver du automatisk medlem og får del i de mange fede fordele. De første 30 dage er gratis for nye brugere, og derefter koster det kun 99,-/md. Medlemskabet fornyes automatisk, og du kan altid opsige det. Læs mere om fordelene ved Saxo Premium her.