Monetary basis of trade imbalance

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dc.authorscopusid18935567400
dc.authorscopusid25030631100
dc.contributor.authorLee, S.-D.
dc.contributor.authorSampson, J.C.
dc.date.accessioned2024-07-18T20:16:48Z
dc.date.available2024-07-18T20:16:48Z
dc.date.issued2000
dc.description.abstractThe purpose of this paper is to lay simple yet elegant, formal microeconomic foundations for the theory that monetary policy is a principal determinant of international trade imbalance. Foreign exchange is a different form of real liquidity, not a perfect substitute for domestic currency. As a result, foreign money is traded as a commodity in exchange for consumption goods. If the monetary policies of two countries differ, a permanently unbalanced flow of goods may arise. Specifically, this paper argues that a high-inflation regime is likely to induce a perpetual trade deficit. © 2000 International Atlantic Economic Society.en_US
dc.identifier.doi10.1007/BF02298395
dc.identifier.endpage434en_US
dc.identifier.issn0197-4254
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-52849137842en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage427en_US
dc.identifier.urihttps://doi.org/10.1007/BF02298395
dc.identifier.urihttps://hdl.handle.net/11411/6271
dc.identifier.volume28en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.relation.ispartofAtlantic Economic Journalen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleMonetary basis of trade imbalance
dc.typeArticle

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