Skip to Main Content

News
Events
Publications
Topics
Careers

Enter search term Search

About Us
About Us

As one of 12 regional Reserve Banks in the Federal Reserve System, we work for Americans — for you — to promote a sound financial system and a healthy economy.
Explore
Who We Are & What We Do

Richmond Fed Leadership

Richmond Fed Governance
Engage With Us
Email Subscriptions

Upcoming Events

Request a Speaker

Find Your Fed Career
Economic Research
Economic Research

We conduct and publish economic research to inform monetary policy and public understanding.
Explore
Data & Analysis: National Economy

National Economic Indicators

Publications

Collaboration of Research Economists (CORE)

Our Team
Region & Communities
Region & Communities

We connect with Fifth District businesses and communities, share community and economic development resources, and collect and analyze data to understand local economic conditions.
Explore
Center for Rural Economies

Regional Data & Analysis

Community Development & Engagement

Resources for Educators

Our Team
Banking Supervision
Banking Supervision

We ensure financial institutions in our region are operating in a safe and sound manner, monitor the health of the overall financial system and protect consumers.
Explore
Supervision & Credit

Member Banking Overview

Banker Resources

Banking Research & Analysis

Leadership

Financial Economists
Payment Services
Payment Services

We help keep the nation's payments systems running safely and efficiently, and we distribute cash and coin fit for circulation to financial institutions.
Explore
Overview

Financial Services

Payments Outreach

Payments Education

News
Events
Publications
Topics
Careers

Home / Publications / Research / Economic Review / 1981

Economic Research

Economic Impact of COVID-19
Econ Focus
Economic Quarterly
Working Papers
Economic Brief
Honoring Marvin Goodfriend
Annual Report
Externally Published Research
Conference Publications

Economic Research

Economic Impact of COVID-19
Econ Focus
Economic Quarterly
Working Papers
Economic Brief
Honoring Marvin Goodfriend
Annual Report
Externally Published Research
Conference Publications

Adam Smith and the Monetary Approach to the Balance of Payments

By Thomas M. Humphrey

Economic Review

Nov/Dec, 1981

Download article

Contact Us

Tim Sablik

Stay Connected

Receive email alerts for speeches, press releases, and news.

Subscribe to Email Alerts

Email Address

Subscribe

Contact Us
Feedback
Email Subscriptions
FAQs
Terms & Conditions

© 1997-2026 Federal Reserve Bank of Richmond

© 1997-2026 Federal Reserve Bank of Richmond