LEADER 02821oam 2200625I 450 001 9910449957903321 005 20210830193933.0 010 $a1-282-77755-6 010 $a9786612777554 010 $a1-134-86951-7 010 $a0-203-03104-0 024 7 $a10.4324/9780203031049 035 $a(CKB)1000000000001924 035 $a(EBL)169563 035 $a(OCoLC)62121464 035 $a(SSID)ssj0000358606 035 $a(PQKBManifestationID)11246752 035 $a(PQKBTitleCode)TC0000358606 035 $a(PQKBWorkID)10378044 035 $a(PQKB)10014338 035 $aebr10017540 035 $a(MiAaPQ)EBC169563 035 $a(Au-PeEL)EBL169563 035 $a(CaPaEBR)ebr10070724 035 $a(CaONFJC)MIL277755 035 $a(OCoLC)1000428417 035 $a(EXLCZ)991000000000001924 100 $a20180331d1995 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe current account and foreign debt /$fJohn Pitchford 210 1$aLondon ;$aNew York :$cRoutledge,$d1995. 215 $a1 online resource (218 p.) 300 $aDescription based upon print version of record. 311 $a0-415-09401-1 320 $aIncludes bibliographical references (p. [198]-202) and index. 327 $aBook Cover; Title; Contents; List of figures; Preface and acknowledgements; External balance; The evolution of approaches to the current account balance; Devaluation and the trade balance; Macroeconomic theory; Optimal responses of expenditure and debt; Foreign investment; Sustainability of private sector foreign indebtedness; Macroeconomic policy in an open economy; Sovereign default risk and the social cost of foreign debt; Overview of policy issues; Notes; References; Index 330 $aIt 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 misap 606 $aBalance of payments 606 $aDebts, External 608 $aElectronic books. 615 0$aBalance of payments. 615 0$aDebts, External. 676 $a382/.17 700 $aPitchford$b J. D$g(John David),$f1932-$01035975 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910449957903321 996 $aThe current account and foreign debt$92455997 997 $aUNINA