Central Bank of Nigeria Library

Capital imports and the American balance of payments, 1934-39 :

Bloomfield, Arthur I.

Capital imports and the American balance of payments, 1934-39 : a study in abnormal international capital transfers / - Chicago : University of Chicago Press, c1950. - xvii, 340 p. :ill,

A revision and condensation of the author's doctoral dissertation, "International capital movements and the American balance of payments, 1929-40," submitted to the University of Chicago in 1942.

Bibliography: p. 315-328.

In this book, the author noted that one of the most striking features of the balance of payments of the United States in the inter-war period was the movement of capital, both short- and long-term, which for magnitude of sums involved and abruptness of changes in direction has never been equaled. The author was concerned to explain the parallel fluctuations in the long-term capital balance and the trade balance. After showing the existence and closeness of this parallelism and noting the shortcomings of previous attempts at explanation. He also advance a neat and highly plausible hypothesis to account for the cyclical movements in direction, though not in amplitude, of the long-term capital balance.


Capital.
Balance of trade.
Investments
Balance of payments


United States

HG4910 / .B58

382.170973 / BLO