TY - BOOK AU - Gray,H.Peter TI - An aggregate theory of international payments adjustment SN - 0669859281 AV - HG3881 .G67 1974b U1 - 382.17 PY - 1974/// CY - Lexington, Mass. PB - Lexington Books KW - Balance of payments N1 - Includes index; Includes bibliographical references N2 - As the title implies, this book is attempting to integrate long term capital flows both direct and portfolio-into international economic adjustment analysis. It noted that the accepted equilibrium adjustment explanation is really a trade adjustment theory. The model presented is designed to liberate balance-of-payments theory from the general equilibrium framework in which it has been confined ER -