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The US as the World’s No. 1 Foreign Debtor: Causes and Consequences

In: Economic Development and World Debt

Author

Listed:
  • Jacob Cohen

Abstract

The chapter aims at offering an integrated treatment of the US foreign and domestic debt. The important common element is that both types of debt are for the most part denominated in US dollars.1 The underlying similarity has been lost sight of because the foreign-held debt has unique implications for the exchange rate.

Suggested Citation

  • Jacob Cohen, 1989. "The US as the World’s No. 1 Foreign Debtor: Causes and Consequences," Palgrave Macmillan Books, in: H. W. Singer & Soumitra Sharma (ed.), Economic Development and World Debt, chapter 27, pages 355-367, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-20044-3_27
    DOI: 10.1007/978-1-349-20044-3_27
    as

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