The Current Account and Foreign Debt

The Current Account and Foreign Debt

The Current Account and Foreign Debt

The Current Account and Foreign Debt

Synopsis

It is generally assumed that current deficits are intrinsically bad and in need of correction. The Current Account and Foreign Debtargues that this is not always the case. The author analyses a broad range of issues in support of this argument. These include:

• Approaches to current account balance

• Short run issues

• Longer run issues

• Policy

The book can be read as an integrated whole, or alternatively, each chapter can be consulted without reference to the others. The Current Account and Foreign Debtprovides the counterbalance to a common misapprehension in economic theory. It will be a valuable guide for all those interested in international monetary theory.
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