「バジョット・ルール」の可能性

概要

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This paper investigates the so-called Bagehot Rule by R. I. Mckinnon. Contents are as follows.(1) Seven types of the international monetary orders(2) The Bagehot Rule(3) Passive sterilization(4) Exchange fluctuations vs. gold convertibility(5) Opposite movements between external and internal assets(6) The context of Michaely’s proposition(7) The "Rules of the Game" as parallel movements between external and internal assets(8) The "Rules of the Game" as the compliance of monetary policies with the balance of payments(9) Priority of the balance of payments target(10) Adjusting reserves by the commercial banks.
法政大学経済学部学会の論文