External Imbalances and National Income

Anthony Makin

Chapter 4 in Global Imbalances, Exchange Rates and Stabilization Policy, 2009, pp 45-69 from Palgrave Macmillan

Abstract: Abstract The current account imbalances of many advanced and emerging economies have widened significantly as a proportion of GDP in the wake of the international capital market liberalization that began in the early 1980s. As a result, international borrower countries, especially the US, Australia and New Zealand, have experienced sharp rises in external indebtedness.

Keywords: Exchange Rate; Current Account; National Income; Capital Inflow; Foreign Debt (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25075-8_4

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DOI: 10.1057/9780230250758_4

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