An Intertemporal Interpretation of the US Current Account Deficit

Eric Youngkoo Lee and Michael Szenberg

Chapter 8 in The Changing Environment of International Financial Markets, 1994, pp 95-108 from Palgrave Macmillan

Abstract: Abstract During the last decade the huge current account deficits, averaging over $100 billion, and the corresponding net capital inflows have reduced the US foreign investment position steadily, turning the United States into a net foreign debtor in 1985.

Keywords: Interest Rate; Current Account; Indifference Curve; Capital Inflow; Current Account Deficit (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23161-4_8

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DOI: 10.1007/978-1-349-23161-4_8

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