Why does a balance-of payments deficit for the United States have a different effect on its international

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Why does a balance-of payments deficit for the United States have a different effect on its international reserves than a balance-of-payments deficit for the Netherlands?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

Question Posted: Aug 12, 2012 04:32 AM

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Why does a balance-of payments deficit for the United States have a different effect on its international

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Because other countries often intervene in the foreign exchange market wh...View the full answer

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