The impact of exchange rate movements on U.S. foreign debt
Cédric Tille ()
Current Issues in Economics and Finance, 2003, issue jan
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)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (97) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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 ().