Titlebook: Balance-of-Payments Theory and the United Kingdom Experience; A. P. Thirlwall Textbook 1980Latest edition A. P. Thirlwall 1980 accounting.

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Balance-of-Payments Theory and the United Kingdom Experience

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The Monetary Approach to the Balance of Payments,ting to an understanding of balance-of-payments problems and their solution. The model outlined here draws on the presentation by Hahn (1977) in his review of the Frenkel and Johnson (1976) volume on .. The monetary approach assumes that exchange rates are pegged, that the economy is in long-run ful

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