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.
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.
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.
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.
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