Crockett, Andrew D.; Ripley, Duncan - In: IMF Staff Papers 22 (1975) 2, pp. 284-312
It is clear that a number of major oil exporting countries will continue to have large structural surpluses in their balances of payments on current account for a number of years to come, and also that these surpluses will be matched by capital outflows. If the adjustment process is to operate...
