International Monetary Economics, 1870-1960: Between the Classical and the New ClassicalThis history of international monetary thought from the end of the nineteenth century to the middle of the twentieth century provides the most comprehensive survey of the literature on the theory of international finance yet produced. The author argues that progress in the field has not been linear and classifies the literature according to groupings of ideas and personalities rather than chronologically. After a brief survey of the Classical doctrines, she examines the developments of all the main schools through the Neoclassicals, the Keynesians, and the New Classicals. |
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International Monetary Economics, 1870-1960: Between the Classical and the ... M. June Flanders No preview available - 2006 |
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abroad adjustment mechanism analysis argues argument Bagehot balance of payments balance of trade Bank of England Bank rate Bloomfield borrowing Britain capital flows central bank Chapter commodity countries Cunliffe Committee currency current account deficit deflation demand devaluation discussion disequilibrium domestic economic effect elasticities employment endogenous equilibrium expenditure exports financing fixed exchange rates flexible exchange rates floating exchange rates foreign exchange foreign lending fractional-reserve banking gold flows gold reserves gold standard Harrod Hawtrey Hayek imbalances income increase inflow interest rates investment issue italics Keynes Keynes's keynesian Kindleberger late classical Machlup Macmillan 1931 marginal propensity Metzler Modigliani 1953 monetary policy money supply multiplier Mundell-Fleming model Neisser and Modigliani neoclassical notes Nurkse Ohlin outflow price changes price level problem propensity to import rate changes rate of interest reduction role Sayers short-term capital movements stability sterilization surplus Taussig theory trade balance transfer Viner Volume wages