Monetary approach to balance of payments : a case of Fiji
Economists and policymakers have been increasingly preoccupied with the problems of inflation and balance of payments disequilibria since the early 1950s. Their preoccupation has led to new approaches to monetary analysis. In this period, a gradual evolution of a third major approach called the monetary approach to the balance of payments took place; the two best-known earlier approaches are the elasticity (neoclassical) approach and the income absorption (neo -Keynesian) approach. Each...[Show more]
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