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Chapter Two Why We Borrow
Chapter Four How We Borrow Other Countries Inflation
Chapter Five Consequences of Foreign Borrowing
Chapter Six Policy Implications
austerity balance of payments balance-of balance-of-payments Bank of Canada billion borrow abroad Canada's economic Canada's foreign borrowing Canada's international Canadian borrowers Canadian dollar Canadian exports capital cent corporations cost country's create credit creation creditors currency depreciation debt service devaluation direct investment domestic credit earnings equilibrium Eurodollar federal finance foreign banks foreign central banks foreign debt foreign investment foreign-currency foreign-exchange German mark gold growth income increase industry inflation inflationary inflows interest rates international investment international payments investment in Canada investors labour laissez-faire lending living standards loans long-term ment milliards Monetarists monetary money creation municipalities OPEC outflows position private-sector problem production functions protectionist purchasing power raw materials recession repay repayment sector short-term spending structural Structuralists surplus tend tion tional trade and payments Treasury securities U.S. banks U.S. dollar U.S. economy U.S. government U.S. Treasury bills United world economy world markets