How long can the unsustainable U.S. current account deficit be sustained?
By: Carol C. Bertaut, Steven B. Kamin, and Charles P. Thomas.
Contributors: Bertaut, Carol C.; Thomas, Charles P.
Series: International finance discussion papers -- no. 935; International finance discussion papers (Online) -- no. 935.
Publisher: Federal Reserve Board
Published: 2008
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Description: "This paper addresses three questions about the prospects for the U.S.  current account deficit.  Is it sustainable in the long term? If not, how long will it take for measures of external debt and debt service to reach levels that could prompt some pullback by global investors? And if and when such levels are breached, how readily would asset prices respond and the current account start to narrow?"--Federal Reserve Board web site.
Notes: Title from PDF file as viewed on 6/18/2009.

Includes bibliographical references.

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Mode of access: World Wide Web.