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Current Account and Foreign Debt Book

Current Account and Foreign Debt
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Current Account and Foreign Debt, 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. , Current Account and Foreign Debt
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  • Current Account and Foreign Debt
  • Written by author John Pitchford
  • Published by Taylor & Francis, Inc., 7/20/1995
  • 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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Authors

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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Current Account and Foreign Debt, It is generally assumed that current deficits are intrinsically bad and in need of correction. <em>The Current Account and Foreign Debt</em> argues that this is not always the case. The author analyses a broad range of issues in support of this argument. , Current Account and Foreign Debt

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Current Account and Foreign Debt, It is generally assumed that current deficits are intrinsically bad and in need of correction. <em>The Current Account and Foreign Debt</em> argues that this is not always the case. The author analyses a broad range of issues in support of this argument. , Current Account and Foreign Debt

Current Account and Foreign Debt

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Current Account and Foreign Debt, It is generally assumed that current deficits are intrinsically bad and in need of correction. <em>The Current Account and Foreign Debt</em> argues that this is not always the case. The author analyses a broad range of issues in support of this argument. , Current Account and Foreign Debt

Current Account and Foreign Debt

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