Federal Reserve Bank of Cleveland
Economic Commentary
Is the current-account deficit sustainable?
AbstractHow 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.
Cite this item
Owen F. Humpage, "Is the current-account deficit sustainable?"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Oct, 1998.
JEL Classification:
Keywords: Balance of payments ; Balance of trade
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RePEc:fip:fedcec:y:1998:i:oct15 is also listed on
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