The Monetary Approach to the Balance of Payments by Jacob Fre... - 9781032029597

Taylor & Francis

The Monetary Approach to the Balance of PaymentsAuthor(s): Jacob Frenkel, Harry Johnson\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032029597, 978-1032029597\nSynopsis\nThis book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.