Net Foreign Assets and International Adjustment in the United States, Japan and the Federal Republic of Germany

Nopic
This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset positions. It asks two questions: What are, in the long run, the determinants of net foreign asset equilibrium? and: What are, in the short run, the adjustment mechanisms sustaining that equilibrium? An analysis of postwar data... READ MORE...

Publication date: March 1989
ISBN 9781451921144
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