Search for tag: "current account"

The Current Account and External Indebtedness

This 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 plays

The Intertemporal Budget Constraint of a Country

In 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 plays