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Speed of Adjustment of the Capital and the Current Accounts to Money Market Disturbances: Some Empirical Findings

In: The Monetary Approach to External Adjustment

Author

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  • Giuseppe Tullio

Abstract

Empirical work on the monetary approach to the balance of payments has tended to concentrate up to now on the reaction of the overall balance of payments, or of the exchange rate, to money market disturbances without investigating separately the reaction pattern of the current and the capital accounts.1 The empirical work presented in Chapter 2 does not depart from this tradition.

Suggested Citation

  • Giuseppe Tullio, 1981. "Speed of Adjustment of the Capital and the Current Accounts to Money Market Disturbances: Some Empirical Findings," Palgrave Macmillan Books, in: The Monetary Approach to External Adjustment, chapter 5, pages 97-113, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05048-2_5
    DOI: 10.1007/978-1-349-05048-2_5
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