The Australian balance of payments
Hunt, Benjamin Francis
This thesis looks at the major determinants of the Slze
of the Australian balance of pa~nents. In particular the response
of capital flows to monetary disequilibrium is examined in detail.
We first reviewed the theory associated with the monetary
approach to the balance of payments . This was a necessary
frecursor to the later empirical work. Another forerunner to the
empirical work was the construction of a simple model of the
The approach to model specification was...[Show more]
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