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What is Balance-of-Payments Deficits Explained about?

The document discusses the complexities and confusions surrounding balance-of-payments deficits and the international market for liquidity, particularly in relation to the United States. It critiques existing definitions of balance-of-payments disequilibrium and argues for a reevaluation of how liquidity and capital movements are understood. The author, Charles P. Kindleberger, emphasizes the need for a more nuanced understanding of international lending and its implications for economic analysis.

Author

fvruppenthal

Language

EN