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The Current Account and Foreign Debt - John Pitchford

The Current Account and Foreign Debt

Hardcover Published: 1st October 1995
ISBN: 9780415094016
Number Of Pages: 224
For Ages: 18 years old

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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.

Prefacep. viii
Introductionp. 1
External Balancep. 3
The Evolution of Approaches to the Current Account Balancep. 16
Short Run Issuesp. 43
Devaluation and the Trade Balancep. 45
Macroeconomic Theoryp. 58
Longer Run Issuesp. 87
Optimal Responses of Expenditure and Debtp. 89
Foreign Investmentp. 102
Sustainability of Private Sector Foreign Indebtednessp. 121
Policyp. 139
Macroeconomic Policy in an Open Economyp. 141
Sovereign Default Risk and the Social Cost of Foreign Debtp. 161
Overview of Policy Issuesp. 171
Notesp. 189
Referencesp. 198
Indexp. 203
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415094016
ISBN-10: 0415094011
Audience: Tertiary; University or College
For Ages: 18 years old
Format: Hardcover
Language: English
Number Of Pages: 224
Published: 1st October 1995
Country of Publication: GB
Dimensions (cm): 24.77 x 16.51  x 2.54
Weight (kg): 0.54
Edition Number: 1

Earn 1039 Qantas Points
on this Book