Call Boomerang Books 1300 36 33 32

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 fundamental revision of the price-specie-flow theory that has traditionally been used to explain adjustment when the balance of payments was more nearly dominated by the balance of trade. The approach taken by Professors Dick and Floyd not only answers the critics of Jacob Viner, who first explored the Canadian case after 1900, but also offers a new perspective on how the gold standard in general actually worked. This interpretation of the Canadian experience is an extension of the monetary approach to balance-of-payments adjustment that realizes the full implications of international capital mobility.

Buy Canada and the Gold Standard book by Trevor J.O. Dick from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521404082
ISBN-10: 0521404088
Format: Hardback
(228mm x 152mm x 17mm)
Pages: 254
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 24-Apr-1992
Country of Publication: United Kingdom

Other Editions

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Canada and the Gold Standard book by Trevor J.O. Dick and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Books By Author Trevor J.O. Dick

Canada and the Gold Standard by Trevor J.O. Dick

Canada and the Gold Standard

Paperback, December 2004
$73.76