The Current Account and Foreign Debt By John Pitchford Summary:
Publisher: Routledge; 1 edition (August 16, 1995) | ISBN-10: 0415094011 | ISBN-13: 978-0415094016 | 224 Pages | PDF | 1.3 MB
This book argues that it is not alway true that current account deficits are intrinsically bad and in need of serious correction. John Pitchford analyzes a broad range of issues in support of this argument, discussing approaches to current account balance, short run issues, longer run issues and policy. This counterbalance to a common misapprehension in economic theory will be a valuable guide for students of international monetary theory.
About the Author
John Pitchford holds the Chair of Economics at the Australian National University.
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