Chapter 13


1. Herbert Stein, “Balance of Payments”, in David R. Henderson, ed., The Concise Encyclopedia of Economics, Library of Economics and Liberty, 1993, available at, last accessed on 24 December 2010.

2. Robert A. Mundell, “Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates”, Canadian Journal of Economic and Political Science 29 (4) (1963): 475–485.

3. J. Marcus Fleming, “Domestic Financial Policies Under Fixed and Floating Exchange Rates”, IMF Staff Papers 9 (1962): 369–379.

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