Abstract
The discussion of the relationship between money and economic growth in Chapter 5 has largely taken place in the context of a closed economy. However, in ‘open’ economies, the impact of foreign trade or money supply and domestic economic activities could be important.
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
References
Baker, A. and Falero, E, Jr (1971) ‘Money, Exports, Government Spending and Income in Peru, 1951–66’ Journal of Development Studies, 7 (4), 353–64
Bolnick, B. (1975) ‘Interpreting Polak: Monetary Analysis in Dependent Economics’, Journal of Development Studies, 11 (4), 325–42
Ghatak, S. (1995) Development Economics, Routledge, London/New York
Gray, C. (1963) ‘Credit Creation in Nigeria’s Economic Development’, Nigerian Journal of Economic and Social Research, 5, 3
Khan, S. M. (1977) ‘The Determination of the Balance of Payments and Income in Developing Countries’, in IMF, The Monetary Approach to the Balance of Payments, Washington, D.C.
Newlyn, W. (1968) Finance for Development, East African Publishing House, Nairobi
Polak, J. J. (1957) ‘Monetary Analysis of Income Formulation and Payment Problems’, IMF Staff Papers, 6, 1–50
Polak, J. J. and Boissonneult, L. (1959) ‘Monetary Analysis of Income and Imports and its Statistical Application’, IMF Staff Papers, 7, 349–415
Polak, J. J. and Argy, Y. (1971) ‘Credit Policy and the Balance of Payments’, IMF Staff Papers, 1971, reprinted in IMF (1977), The Monetary Approach to the Balance of Payments, Washington, D.C.
Prais, S. J. (1961) ‘Some Mathematical Notes on the Quantity Theory of Money in an Open Economy’, IMF Staff Papers, 8, 212–26
Schotta, C., Jr (1966) ‘The Money Supply, Exports and Income in an Open Economy: Mexico, 1939–63’, Economic Development and Cultural Change, 14, 458–70
Author information
Authors and Affiliations
Copyright information
© 1995 Subrata Ghatak
About this chapter
Cite this chapter
Ghatak, S. (1995). The Polak model: its application to the LDCs. In: Monetary Economics in Developing Countries. Palgrave, London. https://doi.org/10.1007/978-1-349-23895-8_7
Download citation
DOI: https://doi.org/10.1007/978-1-349-23895-8_7
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-57225-2
Online ISBN: 978-1-349-23895-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)