Acknowledgements

Introduction

Robert Z. Aliber

PART I THE COMPETITIVENESS OF NATIONAL MONIES

`The Present Position of the Rupee', Chapter 1, `The Gold-Exchange Standard', Chapter 2, and `Paper Currency', Chapter 3, in The Collected Writings of John Maynard Keynes, Volume I, Indian Currency and Finance, London: Macmillan and Co. Ltd, 1--44

John Maynard Keynes

`The Present Situation of the Foreign Exchanges', Economic Journal, XXVI (101), March 62--5

Gustav Cassel

`Foreign Exchanges and Internal Price Movements in Germany 1914 to 1923', Chapter 1, and `The National Finances, the Inflation and the Depreciation of the Mark', Chapter II, and Appendix to Chapter II, in The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany, London: George Allen & Unwin Ltd, translated by Millicent E. Sayers, 23--119

Constantino Bresciani-Turroni

`The Theory of Money and of the Foreign Exchanges', in A Tract on Monetary Reform, Chapter III, London: Macmillan and Co., Ltd, 74--139

John Maynard Keynes

`The Relation of Interest to Money and Prices', in The Theory of Interest, Chapter XIX, and Appendix to Chapter XIX, New York: Macmillan Company, 399--451, 520--33

Irving Fisher

`Price Relationships under the Influence of Inflation', in Exchange, Prices, and Production in Hyper-Inflation: Germany, 1920--1923, Chapter VII, Princeton, NJ: Princeton University Press, 174--208

Frank D. Graham

`The Foreign Exchanges', in Essays in the Theory of Employment, London: Macmillan and Co., Ltd, 183--209

Joan Robinson

`The Theory of Foreign Exchanges: Part I', Economica, VI (New Series) (24), November, and (1940), `The Theory of Foreign Exchanges: Part II', Economica, VII (New Series) (25), February, 375--97 and 23--49

F. Machlup

`Expectations and Exchange Rate Dynamics', Journal of Political Economy, 84 (6), December, 1161--76

Rudiger Dornbusch

PART II INTERNATIONAL INVESTMENT

`Foreign Investment and National Advantage', The Nation and the Athenaeum, XXXV (19), August 9, 584--7

J.M. Keynes

`The German Transfer Problem', Economic Journal, XXXIX (153), March, 1--7

J.M. Keynes

`The Reparation Problem: A Discussion', Economic Journal, XXXIX (154), June, and `A Rejoinder from Professor Ohlin', Economic Journal, XXXIX (155), September, 172--8, 400--404

B.G. Ohlin

`The Benefits and Costs of Private Investment from Abroad: A Theoretical Approach', Economic Record, XXXVI (73), March, 13--35

G.D.A. MacDougall

`The Transfer Problem Reconsidered', Journal of Political Economy, L (3), June, 397--414

Lloyd A. Metzler

`Capital Movements', in Hal B. Lary and Associates, The United States in the World Economy: The International Transactions of the United States during the Interwar Period, Chapter III, Washington: U.S. Government Printing Office, 89--123

Robert L. Sammons

Milton Abelson

`Some Over-all Aspects of the Movement of Capital to the United States', Chapter I, and `Capital Imports and American Balance-of-Payments Adjustment', Chapter IX, in Capital Imports and the American Balance of Payments, 1934--39: A Study in Abnormal International Capital Transfers', University of Chicago Press, 1--38, 252--91

Arthur I. Bloomfield

`Fluctuations in Home and Foreign Investment, 1870--1913', Chapter VII, `Investment and Migration', Chapter VIII, and `Did Foreign Investment Pay?', Chapter IX, in Home and Foreign Investment 1870--1913: Studies in Capital Accumulation, Cambridge: Cambridge University Press, 187--235

A.K. Cairncross

`International Investment To-day in the Light of Nineteenth-Century Experience', Economic Journal, LXIV (256), December, 744--58

Ragnar Nurkse

`Foreign Investment and the National Advantage', Economic Record, 38 (81), March, 56--62

Murray C. Kemp

`Internationally Diversified Portfolios: Welfare Gains and Capital Flows', American Economic Review, LVIII (5, Part I), December, 1299--1314

Herbert G. Grubel

Name Index

Acknowledgements An introduction to both volumes by the editor appears in volume I

PART I BALANCE OF PAYMENTS ADJUSTMENTS

`Of the Balance of Trade', in Essays: Moral, Political and Literary, Essay V. Part II, London: Grant Richards, 316--33

David Hume

`Conditions of International Monetary Equilibrium', in Essays in International Finance, No. 4, Spring, Princeton: International Finance Section of Princeton University, 1--24

Ragnar Nurkse

`The Market for Foreign Exchange and the Stability of the Balance of Payments: A Theoretical Analysis', Kyklos, III, 193--218

G. Haberler

`Currency Depreciation, Income, and the Balance of Trade', Journal of Political Economy, LVIII (1), February, 47--60

Arnold C. Harberger

`Flexible Exchange Rates and the Theory of Employment', Review of Economics and Statistics, XXXII (4), November, 281--99

Svend Laursen

Lloyd A. Metzler

`The Meaning of Fiscal and Monetary Policy and of Internal and External Balance', Chapter VIII, `Financial Policy for Internal and External Balance', Chapter IX, and `Conflicts Between Internal and External Balance', Chapter X, in The Theory of International Economic Policy, Volume I, The Balance of Payments, Oxford: Oxford University Press, 99--124

J.E. Meade

`An Inaugural Lecture: I. Introductory Remarks. II. The Long-Run Dollar Problem', Oxford Economic Papers, 5 (2), June, 117--35

J.R. Hicks

`Strategic Factors in Balance of Payments Adjustment', IMF Staff Papers, V (2), August, 151--69

E.M. Bernstein

`Monetary Analysis of Income Formation and Payments Problems', IMF Staff Papers, VI (1), November, 1--50

J.J. Polak

`Towards a General Theory of the Balance of Payments', in International Trade and Economic Growth: Studies in Pure Theory, Chapter VI, London: George Allen & Unwin Ltd, 153--68

Harry G. Johnson

`The Balance of Payments in a Monetary Economy', Review of Economic Studies, XXVI (2), February, 110--25

F.H. Hahn

`Domestic Financial Policies Under Fixed and Under Floating Exchange Rates', IMF Staff Papers, IX (3), November, 369--79

J. Marcus Fleming

`Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates', Canadian Journal of Economics and Political Science, XXIX (4), November, 475--85

R.A. Mundell

`The Purchasing-Power Parity Doctrine: A Reappraisal', Journal of Political Economy, LXXII (6), December, 584--96

Bela Balassa

`The Theory of Balance-of-Payments Adjustment', Journal of Political Economy, 75 (4, Part II, Supplement), August, 523--31

Tibor Scitovsky

PART II INTERNATIONAL PAYMENTS ARRANGEMENTS

`Introduction'; `Convertibility: What and How?', Chapter 1; `The Changing Role of Monetary Reserves', Chapter 2; `Reserve Measurement and Adequacy Criteria', Chapter 3; `Reserve Adequacy at the End of 1957', Chapter 4; `Prospective Adequacy of Reserves over the Ten Years 1958--1967', Chapter 5; `The Position of the Center Countries', Chapter 6, `The Gold Exchange Standards', Chapter 7; and `Summary and Conclusions', in Gold and the Dollar Crisis: The Future of Convertibility, New Haven: Yale University Press, 17--73

Robert Triffin

`The Case for Flexible Exchange Rates', in Essays in Positive Economics, Chicago and London: University of Chicago Press, 157--203

Milton Friedman

`Exchange Fluctuations', in International Currency Experience: Lessons of the Inter-War Period, Chapter V, League of Nations, Princeton University Press, 113--42

Ragnar Nurkse

`The Case for Flexible Exchange Rates, 1969', in George N. Halm (ed.), Approaches to Greater Flexibility of Exchange Rates: The Burgenstock Papers, Chapter 8, Princeton, NJ: Princeton University Press, 91--111

Harry G. Johnson

`The Case for Fixed Exchange Rates, 1969', in The International Adjustment Mechanism, Federal Reserve Bank of Boston, 93--108

Charles P. Kindleberger

`Balance-of-Payments Adjustment and the Gold-Dollar System', in Quest for World Monetary Order: The Gold-Dollar System and Its Aftermath, Chapter I, New York: John Wiley & Sons, Inc., 3--42, 237--8

Milton Gilbert

`A Theory of Optimum Currency Areas', American Economic Review, 51, 657--65

Robert A. Mundell

`Theoretical Problems of the International Monetary System', Journal of Economic Studies, 2(2), Autumn, 3--33

Harry G. Johnson

`Surveys in Applied Economics: International Liquidity', Economic Journal, 83 (331), September, 685--746

John Williamson

`The Dollar and World Liquidity -- A Minority View', The Economist, February 5, 526--9

Emile Despres

Charles P. Kindleberger

Walter S. Salant

`Key Currencies and Gold 1900--1913', Princeton Studies in International Finance, No. 24, August, Princeton: International Finance Section of Princeton University, 1--79

Peter H. Lindert

Name Index