Macroeconomics and International Monetary History

Author: Mundell
Publisher:
Publication Date: 2003-10-01
Features: This volume consists of eight chapters, which are two long-term thematic essays written by me in the late 1980s. The topics are the mechanism of balance of payments adjustment and the history of international monetary systems. The purpose is to integrate the theoretical work of predecessors in economics with the economic history of the past three centuries, and to illustrate the actual operation of the balance of payments adjustment mechanism using cases and development trends in the world economic history. It also integrates the conceptual development history of the theory of balance of payments adjustment process from an academic history perspective with the different stages of development in the history of world economic history. This volume consists of eight chapters, which are two long-term thematic essays written by me in the late 1980s. The topics are the mechanism of balance of payments adjustment and the history of international monetary systems. The purpose is to integrate the theoretical work of predecessors in economics with the economic history of the past three centuries, and to illustrate the actual operation of the balance of payments adjustment mechanism using cases and development trends in the world economic history. It also integrates the conceptual development history of the theory of balance of payments adjustment process from an academic history perspective with the different stages of development in the history of world economic history.