Exhibit 3.5 indicates that in 1999, Germany had a current account deficit and at the same time

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Exhibit 3.5 indicates that in 1999, Germany had a current account deficit and at the same time a capital account deficit. Explain how this can happen.

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International Financial Management

ISBN: 978-0078034657

6th Edition

Authors: Cheol S. Eun, Bruce G.Resnick

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Question Posted: Mar 13, 2012 05:23 AM

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Exhibit 3.5 indicates that in 1999, Germany had a current account deficit and at the same time

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International Financial Management

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