McDougall, Ian Alistair
A traditional dichotomy exists in the theory of international trade between,
on the one hand, the monetary theory and its associated problems which arise because
different money circulates in different countries, because each country has its own central bank and controls its own monetary policy, and because money is treated as a commodity with a direct utility of its own and, on the other hand, the pure theory which is
concerned with the real factors underlying the monetary problems. This...[Show more]
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