Balance of Payments Adjustment

AUGUSTINE C. ARIZE is Professor of General Business and Systems Management at East Texas State University.THEOLOGOS HOMER BONITSIS is Associate Professor of Finance at the New Jersey Institute of Technology.IOANNIS N. KALLIANIOTIS is Associate Professor of Finance in the School of Management at the University of Scranton.KRISHNA M. KASIBHATLA is Associate Professor of Business and Economics at Bennett College.JOHN MALINDRETOS is Assitant Professor of Finance at Yeshiva University.

• Introduction Part I Full Employment, Balance of Payments and Adjustments in Unified (Fixed) Exchange Rate Regimes by Dilip K. Ghosh and Gilles Duteil The Empirical Evidence to the Traditional Approach to the Capital Account by Valerie Englander, Melvin Johnson, and John Malindretos A Survey of the Monetary Approach to International Finance by Krishna M. Kasibhatla, John Malindretos, and Demetri Tsanacas Part II A Critique of the Traditional Approach to International Finance by Theologos Homer Bonitsis and John Malindretos The Monetary Theory of the Balance of Payments: A Retrospective Analysis by H. Peter Gray Part III The Traditional Theory to the Current Account: An Empirical Examination by Augustine C. Arize, et al. Empirical Evidence of the Monetary Approach to Balance-of-Payments Adjustments by Augustine C. Arize, et al. Part IV Keynesian and Monetary Approaches to the Balance-of-Payments by Luis Eduardo Rivera-Solis, et al. International Adjustment for Kenya: The Relevance of the Traditional and Monetary Approaches by Luis Eduardo Rivera-Solis, Krishna M. Kasibhatla, and John Malindretos A Comparison of the Monetary and the Traditional Approaches to International Competitiveness by Krishna M. Kasibhatla, John Malindretos, and Paul R. Kutasovic The Keynesian and Monetary Approaches to International Accounts Adjustment: Some Heuristics for Germany by Theologos Homer Bonitsis and John Malindretos Part V The Traditional Approach to Balance of Payments Adjustment under Flexible Exchange Rates by Augustin C. Arize, Elias Grivoyiannis, and Ioannis N. Kallianotis Doctrinal Views on Exchange Rate Determination: An Eclectic Approach by Dilip K. Ghosh, Abraham Mulugetta, and Asrat Tessema Recent Evidence on the Determinants of Foreign Exchange Rates by Demetrios Giannaros The Monetary Approach to Exchange Rates and the Canadian Dollar over the Long Run by Bill Francis, Iftekhar Hasan, and James R. Lothian Conclusion Bibliography Index