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- W2473803778 abstract "The monetary approach to the balance of payments and exchange-rate determination is a currently popular version of the asset market approach. This analyses changes in the exchange rate and the BOF in terms of stock adjustment in the money market in which the supply and demand for money adjust so that all domestic money balances are eventually willingly held. In this approach changes in economic variables will affect the BOF and the exchange rate through their impact on the demand for and supply of money balances. This stock-adjustment approach springs from the fact that a necessary condition for a non-zero BOF is some initial difference between the public’s actual money stock and the public’s desired money stock." @default.
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- W2473803778 date "1982-01-01" @default.
- W2473803778 modified "2023-10-17" @default.
- W2473803778 title "The Monetary Approach to the Balance of Payments" @default.
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- W2473803778 doi "https://doi.org/10.1007/978-1-349-86044-9_11" @default.
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