Chapter 13 Balance of Payments – Deficits and Debt. Debt Crisis of 1980’s. Find information on current account and capital account (IMF or Wikipedia) External debt is accumulated when Domestic saving rates are low Current account deficits are high
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Balance of Payments – Deficits and Debt
Debt Crisis of 1980’s
low and BT is positive
private sector lenders, r is high and BT is negative