The US as the World’s No. 1 Foreign Debtor: Causes and Consequences

Jacob Cohen

Chapter 27 in Economic Development and World Debt, 1989, pp 355-367 from Palgrave Macmillan

Abstract: Abstract The chapter aims at offering an integrated treatment of the US foreign and domestic debt. The important common element is that both types of debt are for the most part denominated in US dollars.1 The underlying similarity has been lost sight of because the foreign-held debt has unique implications for the exchange rate.

Keywords: Fiscal Policy; Federal Reserve; Capital Inflow; Trade Deficit; Current Account Deficit (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20044-3_27

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DOI: 10.1007/978-1-349-20044-3_27

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