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The United States as a Debtor Nation: Risks and Policy Reform
The United States as a Debtor Nation Risks and Policy Reform
Author: William R. Cline
The United States has once again entered into a period of large external imbalances. This time the current account deficit, at nearly 6 percent of GDP in 2004, is much larger than in the last episode, when the deficit peaked at about 3.5 percent of GDP in 1987. Moreover, the deficit is on track to become substantially larger over the next severa...  more »
ISBN-13: 9780881323993
ISBN-10: 0881323993
Publication Date: 9/30/2005
Pages: 332
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Publisher: Institute for International Economics
Book Type: Paperback
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