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International Monetary Fund. Secretary's Department

Abstract

Other Members: Australia, Bolivia, Burma, China, France, Greece, India, the United Kingdom, and the United States

R. RHOMBERG RUDOLF and H. ROBERT HELLER

Abstract

THE METHODS EMPLOYED in analyzing the effects of economic changes on a country’s balance of payments have undergone drastic revision in the course of the last 50 years. The evolution of economic ideas and analytical methods generally follows, although sometimes with a considerable lag, the emergence of economic problems requiring solution. Balance of payments analysis, too, has been influenced directly by the changing character of international economic problems; in addition, however, it has also been affected by changing methodological fashions in the mainstream of economic thought.