Trevor J. O. Dick, John E. Floyd, Dick Trevor J. O.

Canada and the Gold Standard

Balance of Payments Adjustment Under Fixed Exchange Rates, 1871 1913

• Broschiertes Buch

Produktbeschreibung

This new 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.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 256
• Erscheinungstermin: 26. Oktober 2004
• Englisch
• Abmessung: 229mm x 152mm x 15mm
• Gewicht: 421g
• ISBN-13: 9780521617062
• ISBN-10: 0521617065
• Artikelnr.: 21208673

Inhaltsangabe

List of tables and figures
Preface
1. Introduction
2. The standard neoclassical specie-flow mechanism
3. A new view of gold standard adjustment
4. An empirical overview
5. Statistical tests of goods and asset market adjustments
6. Evidence on the process of balance-of-payments adjustment
7. Some further evidence on structure and timing
8. 'Canada's balance': Viner and his critics
9. The theoretical implications of capital mobility
10. 'Canada's balance of indebtedness': reinterpretating the historical evidence
11. Conclusions. How the gold standard worked
Appendices
References
Index.