BALANCE OF PAYMENT DETERMINATION: THE MONETARY APPROACH
CHAPTER ONE 1.1. HISTORICAL BACKGROUND OF THE STUDY The monetary approach to balance of payments (MABP) has been a dominant view in the International Monetary Economics, particularly; the theory is believed to' have a long historical background. Which can be traced back to the writings of the classical economists who conceived a system of integrated world capital market and mobility? It is linked to the origin of balance of payments theory ...
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