Balance of Payments

Author: Meade
Publisher:
Publish Date: 2001-07-01
Features: Meade's International Transactions is divided into six parts and thirty chapters. It can be broadly categorized into three sections. The first section serves as the starting point of the entire book, elaborating on the basic concepts of international transactions and analyzing the impact of various disturbing factors on international transactions in the hypothetical neutral economy. The second section relaxes the six assumptions about the neutral economy in the first section, exploring the effects of government's indirect and direct controls on international transactions. The third section is an extension of the first two, discussing the roles of various international transaction adjustment measures in a world with multiple countries. This book provides a comprehensive and systematic theoretical analysis of various international transaction adjustment mechanisms, analyzing and comparing the effects of different adjustment mechanisms and economic policies in achieving government policy objectives. It establishes a theoretical framework for international economics, including definitions, neutral economy, financial policies, price adjustments, direct controls, and the world payment network.