Chapter 1 Introduction

Chapter 2 Approaches to the Balance of Payments and the Exchange Rate: the Case of Capital Immobility

Chapter 3 The Asset Approach to the Exchange Rate: Monetary Models of the Exchange Rate

Chapter 4 The Asset Approach to the Exchange Rate: Portfolio Balance Models of the Exchange Rate and the Current Account

Chapter 5 Exchange Rates, Expectations and the Current Account

Chapter 6 The Cost of Disinflation in a Floating Exchange Rate Regime

Chapter 7 The Exchange Rate and the Current Account when Prices Evolve Sluggishly: a Simplification of the Dynamics and a Reconciliation with the Absorption Approach

Chapter 8 Growth and the Balance of Payments under Alternative Exchange Rate Regimes: the Case of a Small Economy

Chapter 9 Economic Stability under Fixed, Flexible and Managed Exchange Rates

Chapter 11 Monetary and Portfolio Balance Models: Which does the Empirical Evidence Support?