oussama94
05-28-2017, 23:46
e, in 1999, 2000, and 2001 the United States maintained a
large current account deficit while the Japanese ran a large current account
surplus. However, during this same period the U.S. dollar rose against the
yen even though trade flows were running against the dollar. The reason
was that ******* flows balanced trade flows, thus defying the BOP’s forecasting
model for a period of time. Indeed, the increase in ******* flows has
given rise to the asset market model.
large current account deficit while the Japanese ran a large current account
surplus. However, during this same period the U.S. dollar rose against the
yen even though trade flows were running against the dollar. The reason
was that ******* flows balanced trade flows, thus defying the BOP’s forecasting
model for a period of time. Indeed, the increase in ******* flows has
given rise to the asset market model.