The Problem Of The Us Balance Of Payments

Author : United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on International Finance
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.15/5 ( download)

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Download or read book The Problem of the U.S. Balance of Payments written by United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on International Finance and published by . This book was released on 1965 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Dean Acheson
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.2P/5 ( download)

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Download or read book The United States Balance of Payments Problem written by Dean Acheson and published by . This book was released on 1949 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 145197146X
Total Pages : 208 pages
Book Rating : 4.60/5 ( download)

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Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1951-01-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains contribution of the September 1949 devaluations to the solution of Europe’s dollar problem. After the devaluations, the dollar value of exports to the United States from the devaluing countries in Europe recovered from the low levels of the second and third quarters of 1949, but this recovery, which restored exports in the first half of 1950 approximately to the 1948 level should be attributed in large part to the recovery in the US economy rather than to the devaluations. Between the first half of 1949 and the first half of 1950, Europe's dollar imports declined by one-third. Most of this decline occurred, however, between the second and third quarter of 1949, that is, before the devaluations. With imports generally controlled, the effect of the devaluations appeared much more in the reduction of pressure on the control authorities, the substitution of the price mechanism for at least part of the controls as barriers to imports, and the consequent more rational allocation of the relatively scarce dollars among different uses and different users.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1557755701
Total Pages : 159 pages
Book Rating : 4.04/5 ( download)

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Download or read book Balance of Payments Textbook written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-04-15 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 9781557754707
Total Pages : 398 pages
Book Rating : 4.05/5 ( download)

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Download or read book Balance of Payments Compilation Guide written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-03-15 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: A companion document to the fifth edition of the Balance of Payments Manual, the Balance of Payments Compilation Guide shows how the conceptual framework described in the Manual may be implemented in practice. The primary purpose of the Guide is to provide practical guidance for using sources and methods to compile statistics on the balance of payments and the international investment position. the Guide is designed to assist balance of payments compilers and statisticians in understanding the relative strengths and weaknesses of various approaches. The material reflects the emergence of new data sources and adaptations in the application of statistical methodologies to changing circumstances. Discussed in the Guide are all of the tasks that a BOP compiler normally performs. Appendices contain a set of model BOP questionnaires and a set of model BOP publication tables. Relationships between the balance of payments statistics and relevant aspects of national accounts are covered as well.

Author : United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on International Finance
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.98/5 ( download)

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Download or read book Problem of the U.S. Balance of Payments. Report written by United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on International Finance and published by . This book was released on 1965 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Wynne Godley
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.06/5 ( download)

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Download or read book A Critical Imbalance in U.S. Trade written by Wynne Godley and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : United States. Congress. Senate. Committee on Banking and Currency
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.54/5 ( download)

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Download or read book The Problem of the U.S. Balance of Payments, Report of the Subcommittee on International Finance of ... 1965 written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1965 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Chamber of Commerce of the United States of America. Committee on Economic Policy
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.10/5 ( download)

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Download or read book The United States Balance of Payments Position written by Chamber of Commerce of the United States of America. Committee on Economic Policy and published by . This book was released on 1961 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Foreign Service Institute (U.S.). Senior Seminar in Foreign Policy
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.86/5 ( download)

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Download or read book The United States Balance of Payments Problem and Foreign Policy written by Foreign Service Institute (U.S.). Senior Seminar in Foreign Policy and published by . This book was released on 1960 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: