Research Discussion Paper – RDP 9003 The Balance of Payments in the 1980s


This paper benefitted greatly from the advice of Stephen Crenville. I am also grateful for the thoughtful comments provided by Malcolm Edey, Jerome Fahrer, David Gruen, John Laker, Rory Robertson and Jenny Wilkinson. The paper has also incorporated several suggestions provided by John Pitchford. Finally, I would like to thank the staff of the Activity and Balance of Payments Sections of Research Department for their assistance during the preparation of the paper. Any remaining errors are mine. The views expressed in the paper are those of the author and do not necessarily reflect the views of the Reserve Bank.