The US Current Account Deficit and Economic Development: Collateral for a Total Return Swap
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下载链接：
https://www.nber.org/papers/w10727
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资源简介：
We argue that a chronic US current account deficit is an integral and sustainable feature of a successful international monetary system. The US deficit supplies international collateral to the periphery. International collateral in turn supports two-way trade in financial assets that liberates
提供机构：
美国国家经济研究局
创建时间：
2004-09-01
