The Balance of Payments and the Exchange Rate: General Readings

Useful reading material for understanding the balance of payments and balance of payments equilibrium can be found in Chapter 2 of Michael Melvin's book International Money and Finance which is published by Addison-Wesley. Elementary discussions of the relationship between changes in income and savings and investment and exports and imports can be found in almost every basic principles of economics text. An intermediate discussion can be found in Gregory Mankiw's Macroeconomics intermediate textbook, which is published by Worth Publishers. Simply consult the relevant indexes with regard to the determinants of aggregate consumption and investment and exports and imports.

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