Reviews
"Stern's The Balance of Payments is a welcome addition to the textbooks in the area of international monetary economics. Written at the graduate level and heavily oriented to a survey of the 'state of the arts,' the book should be in the library of every serious student of international economics. . . . Any economist desiring an exposition of international monetary economics should read this book, and all serious practitioners of the subject will want to have the volume readily at hand." --Lawrence H. Officer, The Journal of Finance "Professor Stern presents good and. . . original treatments on the use of important restrictions, the assignment rule, and growth and the balance of payments. . . . Stern has given the profession a most valuable text and reference work." --G. C. Hufbauer, The Economic Journal "This book provides a lucid survey of the large and ever-growing literature on the balance-of-payments. . . . The exposition combines complex graphical analysis with relatively simple algebra with a very happy effect." --H. Peter Gray, Economica "Stern's book is in many ways exemplary. . . . Stern has given us a comprehensive and useful summary of the international literature as it exists." --Paul Wonnacott, Journal of Economic Literature
