The Costs of Foreign Debt for the United States and the Third World: Hearings Before the Subcommittee on Economic Stabilization of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-ninth Congress, First Session, June 20; July 16, 18, and 25, 1985
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization
U.S. Government Printing Office, 1985 - Balance of payments - 344 pages
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abroad action American assets balance banks become BERGSTEN better billion borrowing budget deﬁcit capital capital inflow cause Chairman LAFALCE competitive Congress continue correct costs course crisis current account current account deficit debt debtor decline demand developing countries direct discuss dollar domestic economy effect exchange rate exports external fact factors fall Federal FELDSTEIN finance foreign funds future going growing growth hearing higher impact imports improve income increase industries inﬂation inﬂow interest interest rates investment investors Japan look major manufacturing markets MARTIN means moving overvalued percent period political position problem question reason recent reduce relative Reserve result rise savings sector share situation spending statement strong talk Thank things Third World trade balance trade deficit United