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Current Account And Foreign Debt Book

Current Account And Foreign Debt
Current Account And Foreign Debt, , Current Account And Foreign Debt has a rating of 3 stars
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  • Current Account And Foreign Debt
  • Written by author John Pitchford
  • Published by Taylor & Francis, Inc., October 1995
  • It is generally assumed that current deficits are intrinsically bad and in need of correction. The Current Account and Foreign Debt argues that this is not always the case. The author analyses a broad range of issues in support of this argument.
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Book Categories

Authors

List of figures
Preface and acknowledgements
1External balance3
2The evolution of approaches to the current account balance16
3Devaluation and the trade balance45
4Macroeconomic theory58
5Optimal responses of expenditure and debt89
6Foreign investment102
7Sustainability of private sector foreign indebtedness121
8Macroeconomic policy in an open economy141
9Sovereign default risk and the social cost of foreign debt161
10Overview of policy issues171
Notes189
References198
Index203


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