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Is the current-account deficit sustainable?

Author

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  • Owen F. Humpage

Abstract

How long can we service our growing international indebtedness without causing economic disruption? This explanation of the current-account adjustment process provides fundamental knowledge that will enable the reader to form opinions about the state of affairs and to estimate the probabilities of possible outcomes.

Suggested Citation

  • Owen F. Humpage, 1998. "Is the current-account deficit sustainable?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    • Handle: RePEc:fip:fedcec:y:1998:i:oct15
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    Cited by:

    1. Abdelaziz Rouabah, 2005. "Les déterminants du solde de la balance des transactions courantes au Luxembourg," BCL working papers 13, Central Bank of Luxembourg.
    2. Jack L. Hervey & Loula S. Merkel, 2000. "A record current account deficit: causes and implications," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q IV), pages 2-13.

    More about this item

    Keywords

    Balance of payments; Balance of trade;

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