XI. Credit Policy and the Balance of Payments

Chapters in this book

1. Frontmatter I
2. Preface VII
3. Contents IX
4. Part I. Τhe Foreign Exchanges and the National Money Income
5. I. Types of International Short-Term Capital Movement 1
6. II. International Short-Term Funds and the Money Supply 17
7. III. The Short-Term Rate of Interest and the Money Supply 33
8. Part II. The Transfer Mechanism
9. IV. Setting the Problem 51
10. V. The Limiting Case: Transfer Under the Paper Standard with Fixed Exchanges 68
11. VI. The Role of Short-Term Funds in the Transfer Mechanism Under Gold and paper Standards 81
12. Part III. Sources of Movements of Short-Term Funds
13. VII. Foreign-Exchange Equilibrium 99
14. VIII. Undervaluation , Overvaluation , and International Short-Term Funds 117
15. IX. Cyclical Movements of Short-Term Funds 134
16. X. “Abnormal” Capital Movements 155
17. Part IV. International Monetary Interdependence
18. XI. Credit Policy and the Balance of Payments 173
19. XII. The Theory of the Forward Exchanges 194
20. XIII. The Stabilization-Fund Technique 211
21. XIV. International Monetary Interdependence 230
22. Appendix. Statistics on International Short-Term Capital Movements 241
23. Bibliography 253
24. Index 259