An article in the Wall Street Journal refers to debt-strapped emerging markets already struggling with current-account deficits.

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An article in the Wall Street Journal refers to "debt-strapped emerging markets already struggling with current-account deficits." Why might we expect that countries running current account deficits might also have substantial foreign debts?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 08:02 AM

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An article in the Wall Street Journal refers to debt-strapped emerging markets already struggling with current-account deficits.

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A country running a current account deficit must also run a ...View the full answer

Economics

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