U.S. current account and long-term capital flows
How the U.S. Current Account Gap Was Financed in the Second Quarter
September 15, 2011
The dollar was on the ropes during the spring quarter of 2011, which was reflected not so much in the current account as in a combined $189.7 billion net outflow generated by portfolio and direct investment. These are the long-term capital movements. The balance of payments must zero out by accounting convention, but highest quality […] More
