Cyclical Movements in the Balance of Payments

by Tse Chun Chang

Overview

This book was first published in 1951. It is a statistical survey of the balance of payments data of different types of country in the period 1924–38, to show the pattern of cyclical behaviour particular to each type of country, and to suggest, in the light of the Keynesian theory of employment, a possible explanation for the general nature of the equilibrating process in the balance of payments. Five types of country are classified, and a representative country taken for each class: highly industrialised and deficient (Great Britain); highly industrialised and self-sufficient (USA); less industrialised (Sweden); purely agricultural (Australia); mining (Chile). In addition, the Canadian balance of payments is studied because of its peculiar features.

Product Details

ISBN-13:	9781107615229
Publisher:	Cambridge University Press
Publication date:	06/30/2011
Pages:	252
Product dimensions:	5.50(w) x 8.40(h) x 0.70(d)

Table of Contents

Preface; Part I. Some International Comparisons: 1. Equilibrium in the balance of payments; 2. International comparison of demand for imports; 3. World demand for exports; 4. World demand for exports (cont.); 5. Fluctuations in exports and national income; Part II. The British Balance of Payments: 6. The British demand for imports in the inter-war period; 7. The British balance of payments; Part III. The Balance of Payments in Different Types of Country: 8. The American balance of payments; 9. The Swedish balance of payments; 10. The Australian balance of payments; 11. The Chilean balance of payments; 12. The Canadian balance of payments; Conclusion; Index.