The Current Account and External IndebtednessThis chapter talks about net borrowing and net saving by a country. In a closed economy, saving equals investment, but in an open economy, domestic businesses can invest heavily even if residents…
From SDG Academy
| 1
1 plays
|
|
The Intertemporal Budget Constraint of a CountryIn this chapter, Professor Sachs talks about the longer-term implications of capital flows. The current account balance gives a snapshot of how a country is acting at any moment in time. In order to…
From SDG Academy
| 2
2 plays
|