periods when their current account deficits have narrowed. Such studies identified systematic aspects of external adjustment ….S. external imbalance. In contrast, this paper focuses in depth on the historical experience of external adjustment in the United … periods of external adjustment is remarkably similar to the foreign experience. Finally, we also examine the performance of …

.S. external deficit between 1980 and 1986. The paper presents an empirical model of the U.S. current account that is used to …

analyze the historical paths of external debts in these countries. Then, under fairly conventional baseline specifications …An analytic and accounting framework is presented for examining the evolution of the external positions of eight … cases in which external adjustment might be warranted. Through the simulation of some alternative scenarios, the analysis …

deficit and of the consequent buildup in U.S. external debt are examined. The analytical framework for thinking about the U … are then reported. The sustainability of the U.S. external position is discussed next. It is concluded that, at some point …

net external debt position with its sign reversed) at the end of 1987 was a negative $368 billion. This sum represents a … 1980s. In this paper, the U.S. net external debt position is examined and compared with the experience of other countries …. The paper then proceeds to analyze the dynamic process of external debt accumulation. Concepts of external debt "stability …