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IMF Working Papers
Where Did All the Borrowing Go? A Forensic Analysis of the U.S. External Position :
2008
INTERNATIONAL MONETARY FUND

The deterioration in the U.S. net external position in recent years has been much smaller than the extensive net borrowing associated with large current account deficits would have suggested. This paper examines the sources of discrepancies between net borrowing and accumulation of net liabilities for the U.S. economy over the past 25 years. In particular, it highl...

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IMF Working Papers
Where Did All the Borrowing Go? A Forensic Analysis of the U.S. External Position :
2008
INTERNATIONAL MONETARY FUND

The deterioration in the U.S. net external position in recent years has been much smaller than the extensive net borrowing associated with large current account deficits would have suggested. This paper examines the sources of discrepancies between net borrowing and accumulation of net liabilities for the U.S. economy over the past 25 years. In particular, it highl...

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IMF Working Papers
Where Did All the Borrowing Go? A Forensic Analysis of the U.S. External Position :
2008
INTERNATIONAL MONETARY FUND

The deterioration in the U.S. net external position in recent years has been much smaller than the extensive net borrowing associated with large current account deficits would have suggested. This paper examines the sources of discrepancies between net borrowing and accumulation of net liabilities for the U.S. economy over the past 25 years. In particular, it highl...

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