Balance-of-Payments Theory and the United Kingdom Experience

1. Front Matter

   Pages i-xiii

   PDF

2. Balance-of-Payments Accounting and the Foreign-Exchange Market

   • A. P. Thirlwall, Heather D. Gibson

   Pages 1-36

3. The Capital Account of the Balance of Payments

   • A. P. Thirlwall, Heather D. Gibson

   Pages 37-58

4. Exchange Rate Determination

   • A. P. Thirlwall, Heather D. Gibson

   Pages 59-128

5. The Balance of Payments and the National Economy

   • A. P. Thirlwall, Heather D. Gibson

   Pages 129-154

6. The Elasticity Approach to the Balance of Payments

   • A. P. Thirlwall, Heather D. Gibson

   Pages 155-182

7. The Absorption Approach to the Balance of Payments

   • A. P. Thirlwall, Heather D. Gibson

   Pages 183-194

8. The Monetary Approach to the Balance of Payments

   • A. P. Thirlwall, Heather D. Gibson

   Pages 195-202

9. Simultaneous Internal and External Balance

   • A. P. Thirlwall, Heather D. Gibson

   Pages 203-218

10. A History of the UK Balance of Payments

    • A. P. Thirlwall, Heather D. Gibson

    Pages 219-271

11. Import Functions

    • A. P. Thirlwall, Heather D. Gibson

    Pages 272-290

12. Export Functions

    • A. P. Thirlwall, Heather D. Gibson

    Pages 291-322

13. The Balance-of-Payments Equilibrium Growth Rate

    • A. P. Thirlwall, Heather D. Gibson

    Pages 323-336

14. Export-led Growth

    • A. P. Thirlwall, Heather D. Gibson

    Pages 337-350

15. The Balance of Payments as a Structural Problem

    • A. P. Thirlwall, Heather D. Gibson

    Pages 351-365

16. Deindustrialisation and the Balance of Payments

    • A. P. Thirlwall, Heather D. Gibson

    Pages 366-388

17. Back Matter

    Pages 389-437

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Contains a statement of balance-of-payments accounting, and a critical appraisal of balance-of-payments adjustment theory. The book also features chapters on the capital account of balance-of-payments and the theory of exchange rate determination in the United Kingdom.

• accounting
• capital
• science and technology
• trade

• University of Kent, Canterbury, UK

  A. P. Thirlwall, Heather D. Gibson

Author A.P. Thirlwall: Tony has lectured widely in developing countries and has been a consultant to several international agencies including the African Development Bank, the Asian Development Bank, the UN Conference on Trade and Development (UNCTAD) and the Pacific Islands Development Program in Hawaii. He has written a number of specialized texts in the field of development economics and is Series Editor of Palgrave's Great Thinkers in Economics collection.

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