Description - The Current Account and Foreign Debt by John Pitchford
It is generally assumed that current deficits are intrinsically bad and in need of correction. This work argues that this is not always the case. The author analyzes a broad range of issues in support of this argument. These include: approaches to current account balances; short run issues; longer run issues; and policy. The book can be read as an integrated whole, or alternatively, each chapter can be consulted without reference to the others.
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