John Pitchford

The Current Account and Foreign Debt (eBook, ePUB)

• Format: ePub

Produktbeschreibung

It is generally assumed that current deficits are intrinsically bad and in need of correction. The Current Account and Foreign Debt argues that this is not always the case. The author analyses a broad range of issues in support of this argument. These include:
* Approaches to current account balance
* Short run issues
* Longer run issues
* Policy
The book can be read as an integrated whole, or alternatively, each chapter can be consulted without reference to the others. The Current Account and Foreign Debt provides the counterbalance to a common misapprehension in economic theory. It will be a valuable guide for all those interested in international monetary theory.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 224
• Erscheinungstermin: 11. März 2002
• Englisch
• ISBN-13: 9781134869503
• Artikelnr.: 42725933

Autorenporträt

Professor John Pitchford has held a chair of economics at the Australian National University since 1965. His fields of interest include population economics, inflation, economic growth and international monetary economics.

Inhaltsangabe

Preface and acknowledgements Part I Introduction 1 External balance 2 The
evolution of approaches to the current account balance Part II Short run
issues 3 Devaluation and the trade balance 4 Macroeconomic theory Part III
Longer run issues 5 Optimal responses of expenditure and debt 6 Foreign
investment 7 Sustainability of private sector foreign indebtedness Part IV
Policy 8 Macroeconomic policy in an open economy 9 Sovereign default risk
and the social cost of foreign debt 10 Overview of policy issues