Balance of Payments Adjustment Theory

Author: He Guohua
Publisher:
Publish Date: 2002-01-01
Features: This book is based on the author's doctoral dissertation "Research on Western International Balance of Payments Adjustment Theories and Policies." The book is divided into ten chapters. The first chapter briefly elaborates on the connotation of the balance of payments, the content of the balance of payments statement, and the significance of analyzing and researching the balance of payments statement. Then, it focuses on analyzing and evaluating the views on balance of payments equilibrium held by Western economists and experts from the International Monetary Fund, the definitions of balance of payments imbalances, the causes of balance of payments imbalances, and their economic impacts. The last chapter outlines the evolution and development of Western international balance of payments adjustment theories and provides a relatively detailed introduction to various international balance of payments adjustment theories that emerged after the 1970s, particularly the fiscal approach and the structural approach.