International Trade and Payments

Front Matter....Pages i-xiv
Introduction....Pages 1-9
Front Matter....Pages 11-11
The Aims and the Tools....Pages 13-27
Supply, Demand, and the Gains from Trade....Pages 28-72
Factor Endowments: Commodity and Factor Prices....Pages 73-112
Putting Theory to the Test: Empirical Studies....Pages 113-133
Front Matter....Pages 135-135
Tariffs....Pages 137-168
Free Trade and Protection....Pages 169-188
The Theory of Customs Unions....Pages 189-218
Trade and the Nature of the Market....Pages 219-240
Front Matter....Pages 241-241
The Elements of an International Monetary System....Pages 245-265
The Balance of Payments: Cross-section of a Nation’s Trade....Pages 266-288
The Role of the Price Mechanism in Adjustment....Pages 291-318
Adjustment and Income Analysis....Pages 319-347
The Interaction of Price and Income Changes....Pages 348-369
Adjustment and International Capital Movements....Pages 370-386
Internal and External Equilibrium....Pages 387-408
Trade and National Currencies: The Foreign Exchange Market....Pages 411-444
Exchange Rate Policy....Pages 445-484
Direct Controls on Trade and Payments....Pages 485-507
Adjustment and International Liquidity....Pages 508-535
Front Matter....Pages 241-241
The Bretton Woods System and the International Monetary Fund....Pages 536-556
Back Matter....Pages 557-607