EconPapers    
Economics at your fingertips  
 

The impact of exchange rate movements on U.S. foreign debt

Cédric Tille ()

Current Issues in Economics and Finance, 2003, issue jan

Abstract: In 2001, the United States' net debt to the rest of the world jumped to $2.3 trillion, a level double that recorded in 1999. Much of the increase reflects the new borrowing undertaken by the country to finance its mounting current account deficit. A third of the change, however, can be traced to a simple accounting effect--the impact of a rising dollar on the value of U.S. assets held abroad.

Keywords: Deficit financing; Debts, External; Foreign exchange; Capital movements (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations: View citations in EconPapers (97) Track citations by RSS feed

Downloads: (external link)
https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci9-1.pdf (application/pdf)
https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci9-1.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednci:y:2003:i:jan:n:v.9no.1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Current Issues in Economics and Finance from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Amy Farber ().

 
Page updated 2020-01-25
Handle: RePEc:fip:fednci:y:2003:i:jan:n:v.9no.1