Canada and the Gold Standard - Balance of Payments Adjustment Under Fixed Exchange Rates, 1871-1913

Klappentext 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. Zusammenfassung 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. Inhaltsverzeichnis 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.

Produktdetails

• Autoren: Trevor J. O. Dick, Trevor J.o. Floyd Dick, John E. Floyd
• Mitarbeit: Michael D. Bordo (Herausgeber), Forrest Capie (Herausgeber)
• Verlag: Cambridge University Press ELT
• Sprache: Englisch
• Produktform: Fester Einband
• Erschienen: 24.04.1992
• EAN: 9780521404082
• ISBN: 978-0-521-40408-2
• Seiten: 254
• Serie: Studies in Monetary & Financia
• Thema: Sozialwissenschaften, Recht,Wirtschaft > Wirtschaft > Volkswirtschaft