Domestic credit and the balance of payments: some empirical results /
By: Llanto, Gilberto M.
Series: Vol. 14 No. 2 Second Sem 1987.Description: p.219-231.Subject(s): Credit - Domestic | Balance of payments | Domestic creditOnline resources: Click here to access online In: Journal of Philippine DevelopmentSummary: This paper discusses that the monetary approach to the balance of payments takes the view that domestic credit is exogenous to the balance of payments. This means that the direction of causation runs from domestic credit to the balance of payments. More specifically, it is held that excess money which results from domestic credit expansion brings about a deterioration of the balance of paymentsNo physical items for this record
This paper discusses that the monetary approach to the balance of payments takes the view that domestic credit is exogenous to the balance of payments. This means that the direction of causation runs from domestic credit to the balance of payments. More specifically, it is held that excess money which results from domestic credit expansion brings about a deterioration of the balance of payments