Abstract
This chapter presents traditional approaches to external account determination by expositing and critically evaluating the main models which have surfaced over the years. The different approaches are presented largely in order of their chronological appearance. What becomes apparent is that economists’ perceptions of the theoretical and policy significance of the external accounts evolved in line with changes in the international ‘rules of the game’ which characterised the international monetary system.
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© 1994 A. J. Makin
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Makin, A.J. (1994). Traditional Approaches to the External Accounts. In: International Capital Mobility and External Account Determination. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379091_3
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DOI: https://doi.org/10.1057/9780230379091_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39236-0
Online ISBN: 978-0-230-37909-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)