Is it possible for a country to have a current account deficit at the same time it

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Is it possible for a country to have a current account deficit at the same time it has a surplus in its balance of payments? Explain your answer, using hypothetical figures for the current and non reserve financial accounts. Be sure to discuss the possible implications for official international reserve flows.

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International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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