2004 Net portfolio equity outflow: $63 billion (TIC data); $37 billion (BEA) data. The difference seems to stem from different treatment of equity purchases related to mergers and acquisitions. Is the ...
Evaluating the Bank of Ghana’s mandate today through the lens of monetary financing reveals a clear alignment with its core objective of safeguarding price stability. The significant reduction in ...
Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” ...