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 ...
Opinion
Richmond Eduku: Unlike before, Central Bank’s financing of government’s deficit has been curtailed
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” ...
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