Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10003815319
Persistent link: https://www.econbiz.de/10002205562
Persistent link: https://www.econbiz.de/10002138525
We argue that a chronic US current account deficit is an integral and sustainable feature of a successful international monetary system. The US deficit supplies international collateral to the periphery. International collateral in turn supports two-way trade in financial assets that liberates...
Persistent link: https://www.econbiz.de/10012467963