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Canada and the Gold Standard: Balance of Payments Adjustment under Fixed Exchange Rates, 1871–1913 (Studies in Macroeconomic History)

Trevor J. O. Dick, John E. Floyd




[PDF.ua29] Canada and the Gold Standard: Balance of Payments Adjustment under Fixed Exchange Rates, 1871–1913 (Studies in Macroeconomic History)

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 | #4241119 in eBooks |  1992-04-24 |  1992-04-24 | File type: PDF

|| |"Dick and Floyd, two respected economists, have written an interesting and challenging interpretation of how the Canadian economy functioned under the gold standard during a period of massive capital flows as much as they reflect risk differences between imper

In this re-examination of Canada's balance-of-payments experience under the gold standard, the authors develop and empirically test a new portfolio approach to the mechanism of balance-of-payments adjustment. This adjustment mechanism responded to massive inflows of foreign capital during a critical period of Canada's economic growth in the early years of the twentieth century. The authors show that the existence of international mobility of capital requires a fundamenta...

You can specify the type of files you want, for your gadget.Canada and the Gold Standard: Balance of Payments Adjustment under Fixed Exchange Rates, 1871–1913 (Studies in Macroeconomic History)   |  Trevor J. O. Dick, John E. Floyd. A good, fresh read, highly recommended.

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