US Savings Gap Versus Global Liquidity Reflux
The issue of global savings glut has created quite a stir in the academic, policy making, banking, investment, and market analyst circles. It manifests one of the fundamental changes in the global economy that has occurred over the last two decades under the new economic policy phase of globalization. While the broad hypothesis is indisputably acceptable, there is room for difference on the interpretation and causality of the phenomenon.
KeywordsCentral Bank Current Account Capital Inflow Trade Deficit Current Account Deficit
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