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Federal Reserve Bank of Cleveland
Economic Commentary
Is the current-account deficit sustainable?
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.


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Owen F. Humpage, "Is the current-account deficit sustainable?" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Oct, 1998.
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Keywords: Balance of payments ; Balance of trade
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