Abstract
During the last decade the huge current account deficits, averaging over $100 billion, and the corresponding net capital inflows have reduced the US foreign investment position steadily, turning the United States into a net foreign debtor in 1985.
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© 1994 Dilip K. Ghosh and Edgar Ortiz
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Lee, E.Y., Szenberg, M. (1994). An Intertemporal Interpretation of the US Current Account Deficit. In: Ghosh, D.K., Ortiz, E. (eds) The Changing Environment of International Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23161-4_8
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DOI: https://doi.org/10.1007/978-1-349-23161-4_8
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