Why Still Worry About the Capital Account Surplus?

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Title Why Still Worry About the Capital Account Surplus?
Author Makin, Anthony John
Journal Name Policy
Editor Greg Lindsay
Year Published 2005
Place of publication Sydney
Publisher Centre for Independent Studies
Abstract External imbalances should not be considered worrisome, in and of themselves. On the contrary, since capital inflow or foreign saving complements domestic savings, it plays an important role in the process of domestic capital accumulation enabling faster economic growth. Meanwhile, the national income of creditor countries also rises to the extent that international lenders earn higher returns on their saving than possible in their own economies.
Peer Reviewed No
Published Yes
Publisher URI http://www.cis.org.au/POLICY/home.htm
Copyright Statement Copyright remains with the author and the Centre for Independent Studies 2005. Please refer to the journal's website for access to the definitive, published version.
Volume 21
Issue Number 4
Page from 17
Page to 21
ISSN 186432-103-2
Date Accessioned 2006-01-09
Date Available 2009-09-18T07:41:55Z
Language en_AU
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject PRE2009-Political Economy
URI http://hdl.handle.net/10072/7779
Publication Type Non Refereed Journal Articles
Publication Type Code c2

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