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Author : United States. Congressional Budget Office
Publisher : Unknown
Page : 52 pages
File Size : 45,6 Mb
Release : 1978
Category : Balance of payments
ISBN : MINN:31951D008213955
Author : Anonim
Publisher : Unknown
Page : 34 pages
File Size : 45,7 Mb
Release : 1978
Category : Balance of payments
ISBN : LCCN:78601061
Author : United States. Bureau of Economic Analysis
Publisher : Unknown
Page : 164 pages
File Size : 48,8 Mb
Release : 1990
Category : Balance of payments
ISBN : UCR:31210023597030
Author : United States. Department of Commerce
Publisher : Unknown
Page : 48 pages
File Size : 44,6 Mb
Release : 1971
Category : Balance of payments
ISBN : MINN:30000010241192
Author : United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments
Publisher : Unknown
Page : 272 pages
File Size : 50,6 Mb
Release : 1962
Category : Balance of payments
ISBN : MINN:31951D02091658X
Examines proposals for reducing U.S. deficits in balance of payments from international trade. Focuses on dollar outflow through foreign aid and unrestricted currency movements.
Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 620 pages
File Size : 43,6 Mb
Release : 1962
Category : Balance of payments
ISBN : UCAL:B5289668
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 159 pages
File Size : 45,7 Mb
Release : 1996-04-15
Category : Business & Economics
ISBN : 9781557755704
The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.
Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 190 pages
File Size : 55,8 Mb
Release : 1963
Category : Balance of payments
ISBN : STANFORD:36105045229114
Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 610 pages
File Size : 49,9 Mb
Release : 1963
Category : Balance of payments
ISBN : STANFORD:36105045229106
Author : Robert Warren Stevens
Publisher : Unknown
Page : 244 pages
File Size : 46,6 Mb
Release : 1972
Category : Business & Economics
ISBN : UOM:35128000261436
Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 280 pages
File Size : 49,6 Mb
Release : 1963
Category : Balance of payments
ISBN : LOC:00187020074
Author : Wynne Godley
Publisher : Unknown
Page : 0 pages
File Size : 40,5 Mb
Release : 1998
Category : Electronic
ISBN : OCLC:1375343906
According to Levy Institute Distinguished Scholar Wynne Godley, the significance of the deficit in the U.S. balance of payments has been underestimated in both public policy and academic discussions. This underestimation has occurred despite the fact that U.S. markets are increasingly dominated by foreign manufacturers--the main cause of the 20-year deterioration in the U.S. balance of trade. In this Brief, Godley analyzes the problem posed by the U.S. balance of payments deficit. Breaking down the current account into its component parts, he traces the cause of the deficit. He also refutes the arguments made by other economists that the balance of payments deficit is self-correcting, unimportant or the result of other domestic forces (namely, too low a level of national saving) and outlines the policy approaches to solving the problem. Godley notes that the deficit in the balance of trade has turned the United States from the world's largest (international) creditor into the world's largest debtor. He contends that if the United States continues to run current account deficits, even for only a few more years, its foreign debt and payments of interest on it will rise to an unacceptable level that would demand corrective action if the debt is not to explode. There are two general approaches that policy might take to improve the balance of payments, each with different consequences for inflation, output and employment levels. The first path, the deflationary approach, would be to impose restrictive fiscal and monetary policy. Such an action would reduce production and income, thereby reducing imports. However, the costs of such a policy in terms of lost output and high unemployment would be severe and not confined to the U.S. economy. The second approach would be to attempt to switch domestic spending away from imports to domestically produced goods and services. Improving the trade balance inthis manner need not cause output to fall or unemployment to rise. Expenditure switching could be achieved by currency devaluation. A large enough fall in the dollar rate of exchange could bring about the needed switch in spending away from imports but would carry a risk of inflation. However, under the present system of floating exchange rates and unregulated international capital flows, devaluation no longer exists for the United States as a viable instrument of policy. According to Godley, there is no reason to suppose that market forces will cause the dollar to move to the level that would achieve the required change in a timely fashion. Godley proposes consideration of another expenditure-switching solution, the use of temporary, nonselective import restrictions to achieve the required switch in favor of domestic output. Such restrictions may legitimately be made in accordance with relevant provisions of the General Agreement on Tariffs and Trade (GATT) as adopted and modified by the new World Trade Organization. Godley disavows the use of illegal, protectionist measures used selectively to protect sectoral interests, such as the recent imposition of restrictions levied against Japan by the United States. If imports were restricted by tariffs, taxes could be reduced without increasing the federal budget deficit. Godley notes in concluding that although the strategic problems posed in this Brief are specific to this country and the United States may have to take unilateral action to solve them, "at a more fundamental level these are problems that have arisen because there is no significant international regulation of the system as a whole." Inherent flaws have developed in the system of international production, trade and payments as that system has expanded and become increasingly deregulated. "All the difficulties that exist, or that are foreshadowed in this Brief, would be best resolved by energetic international cooperation, of which there is at present little sign."
Author : Lawrence H. Officer
Publisher : Springer Nature
Page : 424 pages
File Size : 47,8 Mb
Release : 2021-03-24
Category : Business & Economics
ISBN : 9783030660994
This book develops new balance of payments statistics for the United States from 1790 to 1919, before official statistics were kept. Part I of this book justifies construction of a new balance of payments table, and Chapter 1 surveys existing tables from that standpoint. Chapter 2 shows how this book overcomes the limitations of Office of Business Economics and its North-Simon-Goldsmith foundation. Specific features are highlighted, including measurement decisions, improvement of OBE series, development of new series, and derived implications for the structure of the US economy and for the importance of individual sectors that loom large at various times: slave trade, shipping, manufacturing, and travel. The book then generates new time series of the movement of people, the movement of goods, the movement of funds, and the provision of services. Part VI puts the new balance of payments table to use in several ways: aggregates and balances within the table, structure of the US economy, and specific sectors of the economy (slave trade, shipping, manufacturing, travel). Finally, Part VII provides concluding comments.
Author : Paul Winston McCracken,Emile Benoit
Publisher : Unknown
Page : 84 pages
File Size : 54,6 Mb
Release : 1963
Category : Balance of payments
ISBN : UOM:35128000765147
Author : John D. Hogan
Publisher : Unknown
Page : 226 pages
File Size : 41,6 Mb
Release : 1967
Category : Balance of payments
ISBN : UOM:35128000261253
