Balance of payments adjustment : macro facets of international finance revisited / edited by Augustine C. Arize ... [and others].

Format:

Book

Contributor:

Arize, Augustine C.

Series:

Contributions in economics and economic history 0084-9235 ; no. 203.

Contributions in economics and economic history, 0084-9235 ; no. 203

Language:

English

Subjects (All):

Balance of payments.

Keynesian economics.

Chicago school of economics.

Physical Description:

xv, 258 pages : illustrations ; 24 cm.

Place of Publication:

Westport, Conn. : Greenwood Press, 2000.

Summary:

A detailed analysis of the two approaches, Monetary and traditional Keynesian, to international adjustment and balance of payments.

Contents:

I. A Theoretical Review of the Keynesian and Monetary Approaches to the Balance of Payments 1

1. Full Employment, Balance of Payments and Adjustments in Unified (Fixed) Exchange Rate Regimes / Dilip K. Ghosh, Gilles Duteil 3

2. A Survey of the Monetary Approach to International Finance / Demetri Tsanacas, Krishna M. Kasibhatla, John Malindretos 15

II. An Empirical Review of the Keynesian and Monetary Theories to the Balance of Payments 33

3. Empirical Evidence for the Traditional Approach to the Capital Account / Valerie Englander, Melvin Johnson, John Malindretos 35

4. The Traditional Theory to the Current Account: An Empirical Examination / Augustine C. Arize, Elias C. Grivoyannis, Ioannis N. Kallianiotis, Stanley J. Lawson 39

5. Empirical Evidence for the Monetary Approach to Balance of Payments Adjustments / Augustine C. Arize, Elias C. Grivoyannis, Ioannis N. Kallianiotis, John Malindretos 55

III. Criticisms of the Keynesian and Monetary Views of Balance of Payments Determination 81

6. A Critique of the Traditional Approach to International Finance / Theologos Homer Bonitsis, John Malindretos 83

7. The Monetary Theory of the Balance of Payments: A Retrospective Analysis / H. Peter Gray 98

IV. A Theoretical Comparison of the Keynesian and Monetary Theories to the Balance of Payments 111

8. Keynesian and Monetary Approaches to the Balance of Payments / Melvin Johnson, Krishna M. Kasibhatla, John Malindretos 113

V. Empirical Comparisons of the Keynesian and Monetary Theories of Balance of Payments Determination 123

9. International Adjustment for Kenya: The Relevance of the Traditional and Monetary Approaches / Luis Eduardo Rivera-Solis, Krishna M. Kasibhatla, John Malindretos 125

10. A Comparison of the Monetary and Traditional Approaches to International Competitiveness / Krishna M. Kasibhatla, John Malindretos, Paul R. Kutasovic 135

11. The Keynesian and Monetary Approaches to International Accounts Adjustment: Some Heuristics for Germany / Theologos Homer Bonitsis, John Malindretos 140

12. The Role of Exogeneity, Causality and Exchange-Rate Volatility in the Modeling of U.S. Export-Demand Function: Some New Evidence / Augustine C. Arize 153

VI. A Review of the Theoretical Literature on Exchange Rate Determination 169

13. The Traditional Approach to Balance of Payments Adjustment under Flexible Exchange Rates / Augustine C. Arize, Elias C. Grivoyannis, Ioannis N. Kallianiotis, Valerie Englander 171

14. Doctrinal Views on Exchange Rate Determination: An Eclectic Approach / Dilip K. Ghosh, Abraham Mulugetta, Asrat Tessema 200

VII. Empirical Evidence on Exchange Rate Determination 213

15. Recent Evidence on the Determinants of Foreign Exchange Rates / Demetrios Giannaros 215

16. A Re-examination of the Monetary Approach to the Exchange Rate: A Long-Run Approach / Bill Francis, Iftekhar Hasan, James R. Lothian 222.

Notes:

Includes bibliographical references and index.

ISBN:

0313308268

OCLC:

38842087