Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. European I Department, issuing body.
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| ISBN: | 1455226165
9781455226160
1462334881
9781462334889
1455231312
9781455231317
1281213667
9781281213662
9786613777577
6613777579
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| Notes: | Cover title.
"July 1992."
Includes bibliographical references (pages 45-48).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2014.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2014 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper assesses the policy significance of foreign liabilities and the current account deficits that have rise to them. Current account imbalances are shown to have some capacity to indicate difficulties elsewhere in the economy, but are capacity to indirect diffuculties elsewhere in the economy, but are imperfect indicators and subject to potential misinterpretation. The paper concludes that successful pursuti of internal balance could be an important factor in stabilizing current account balances, but, beyond that, there seems no good reason for using macroeconomic policy to target the current account as such. However, ther may be grounds for microeconomic action to remedy specifically identified problems.
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| Other form: | Print version: Pitchford, John. Current account deficits, external liabilities and economic policy. [Washington, D.C.?] : International Monetary Fund, European I Dept., 1992
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