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Title: Globalization, Gluts, Innovation or Irrationality: What Explains the Easy Financing of the U.S. Current Account Deficit?
Author/Editor: Balakrishnan, Ravi ; Bayoumi, Tamim ; Tulin, Volodymyr
Series: Working Paper No. 07/160
Published: July 1, 2007
Subject(s): Current account | United States | External debt | Deficit financing | Financial instruments | Globalization | Savings | Economic models
Author's keyword(s): U.S current account | financing | home bias | global savings glut | portfolio balance | ICAPM