Question: 1. Explain to the editor why S NA cannot be regarded as available finance for investment and, as such, should not even be called saving,

  • 1. Explain to the editor why SNA cannot be regarded as available finance for investment and, as such, should not even be called saving,
  • 2. Explain to her (as of June 2021, the editor happens to be a woman) why savings imbalances between Germany and the US are not responsible for CurAc imbalances between these countries,
  • 3. Point the editor to Borio and Disyatat (2011) for more in-depth analysis.

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