The Current Account and Foreign Debt Author:John Pitchford 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 misapprehe... more »nsion in economic theory will be a valuable guide for students of international monetary theory.« less