Abstract
The objective of this paper is to identify the factors which explain why developing countries may respond to a balance of payments deficit in a way which is different from the way in which developed countries might respond to the same deficit.
Originally published in the Indian Economic Review, vol. XV, no. 2, April–June 1980, pp. 155-64.
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References
Bird, G.R., ‘The Choice between Balance of Payments Adjustment and Financing: A Graphical Exposition’, Malayan Economic Review, October 1978.
Clark, P.B., ‘Optimum International Reserves and the Speed of Adjustment’, Journal of Political Economy, March 1970.
Leipziger, D.M., ‘Optimal LDC Reserves: An Adaptation of Clark’s Model’, mimeographed, 1975.
Williamson, J., ‘Surveys in Applied Economics: International Liquidity’, Economic Journal, September 1973.
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© 1988 Graham Bird
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Bird, G. (1988). The Mix between Adjustment and Financing. In: Managing Global Money. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09588-9_2
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DOI: https://doi.org/10.1007/978-1-349-09588-9_2
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