Includes bibliographical references (pages 198-202) and index.
CONTENTS NOTE
Text of Note
1. External balance -- 2. The evolution of approaches to the current account balance -- 3. Devaluation and the trade balance -- 4. Macroeconomic theory -- 5. Optimal responses of expenditure and debt -- 6. Foreign investment -- 7. Sustainability of private sector foreign indebtedness -- 8. Macroeconomic policy in an open economy -- 9. Sovereign default risk and the social cost of foreign debt / George Fane and Craig Applegate -- 10. Overview of policy issues.
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SUMMARY OR ABSTRACT
Text of Note
It is generally assumed that current account deficits are intrinsically bad. The Current Account and Foreign Debt provides a counterbalance to this common misapprehension in economic theory.
OTHER EDITION IN ANOTHER MEDIUM
Title
Current account and foreign debt.
International Standard Book Number
0415094011
TOPICAL NAME USED AS SUBJECT
Balance of payments.
Debts, External.
Auslandsschulden
Balance des paiements.
Balance of payments.
Betalingsbalans.
Buitenlandse schulden.
BUSINESS & ECONOMICS-- Exports & Imports.
BUSINESS & ECONOMICS-- International-- General.
BUSINESS & ECONOMICS-- International-- Marketing.
Debts, External.
Dettes extérieures.
POLITICAL SCIENCE-- International Relations-- Trade & Tariffs.