Current account deficits, external liabilities and economic policy /

Current account deficits, external liabilities and economic policy /

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Bibliographic Details
Author / Creator:	Pitchford, J. D. (John David), 1932- author.
Imprint:	[Washington, D.C.?] : International Monetary Fund, European I Department, 1992.
Description:	1 online resource (iii, 48 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/92/54 IMF working paper ; WP/92/54.
Subject:	Budget deficits -- Government policy -- Econometric models. Debts, External -- Government policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12503382

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. European I Department, issuing body.
ISBN:	1455226165 9781455226160 1462334881 9781462334889 1455231312 9781455231317 1281213667 9781281213662 9786613777577 6613777579
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.
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.
Other form:	Print version: Pitchford, John. Current account deficits, external liabilities and economic policy. [Washington, D.C.?] : International Monetary Fund, European I Dept., 1992

Description
Summary:	This paper assesses the policy significance of foreign liabilities and the current account deficits that give rise to them. Current account imbalances are shown to have some capacity to indicate difficulties elsewhere in the economy, but are imperfect indicators and subject to potential misinterpretation. The paper concludes that successful pursuit 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, there may be grounds for microeconomic action to remedy specifically identified problems.
Item Description:	Cover title. "July 1992."
Physical Description:	1 online resource (iii, 48 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 45-48).
ISBN:	1455226165 9781455226160 1462334881 9781462334889 1455231312 9781455231317 1281213667 9781281213662 9786613777577 6613777579