Implications for future U.S. net investment payments of growing U.S. net international indebtedness
AbstractIn the 1980s, the United States developed a large and persistent current account deficit, financed by borrowing from abroad. The purpose of this paper is to explore the sustainability of these large deficits from one of several possible perspectives. Simulations of a model of the U.S. current account are used to examine the future servicing burden implied by the accumulating U.S. indebtedness to foreigners (or more precisely by the negative net international investment position).
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Bibliographic InfoPaper provided by Board of Governors of the Federal Reserve System (U.S.) in its series International Finance Discussion Papers with number 358.
Date of creation: 1989
Date of revision:
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- William Helkie & Lois Stekler, 1987. "Modeling investment income and other services in the U.S. international transactions accounts," International Finance Discussion Papers 319, Board of Governors of the Federal Reserve System (U.S.).
- Eisner, Robert & Pieper, Paul J., 1990. "The world's greatest debtor nation?," North American Review of Economics and Finance, Elsevier, vol. 1(1), pages 9-32.
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