Impact of macroeconomic policies upon agricultural trade and international agricultural development
1982
McCalla, A.F.
Extract: In this paper I explore a theory put forward by Professor Ronald I. McKinnon, which focuses on money and asset markets and monetary policy. McKinnon's interesting but controversial approach attempts to explain world instability in terms of international monetary linkages which transmit domestic policies between countries because of increased macro interdependence. The approach has the merit of allowing us to consider trade and development issues within the same framework.
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