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List of figures | ||
Preface and acknowledgements | ||
1 | External balance | 3 |
2 | The evolution of approaches to the current account balance | 16 |
3 | Devaluation and the trade balance | 45 |
4 | Macroeconomic theory | 58 |
5 | Optimal responses of expenditure and debt | 89 |
6 | Foreign investment | 102 |
7 | Sustainability of private sector foreign indebtedness | 121 |
8 | Macroeconomic policy in an open economy | 141 |
9 | Sovereign default risk and the social cost of foreign debt | 161 |
10 | Overview of policy issues | 171 |
Notes | 189 | |
References | 198 | |
Index | 203 |
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