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Fred Bergsten page ix
DistORTIONS IN INTERNATIONAL PAYMENTS page
THE IMPACT OF POLICY MEASURES page
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$50 billion abroad approximately Argentina average B L E balance of payments base baseline projections bilateral billion by 1992 Canada current account balance current account deficit current account surplus decline direct investment domestic demand EAG model equations estimated European Monetary System exchange rate appreciation exchange rate change export prices external accounts external adjustment external balance external deficit Feasible Adjustment Package fiscal adjustment fiscal deficit foreign growth France Fred Bergsten Germany Germany and Japan growth rates HHC and EAG HHC model high-surplus countries imbalances impact income elasticity increase interest rates intermediate countries International Economics Italy Japan John Williamson Korea—Singapore–Hong Kong Monetary nominal nonagricultural nonfactor services º º OPEC percent annually percent of exports percent of GNP percentage point real depreciation real exchange rate real terms real trade balance reduction Rest of World rise strong countries Taiwan trade and current trade deficit trade-weighted United Kingdom variable World Economy