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Published in:
1991 | OriginalPaper | Chapter
Approaches to Managing External Equilibria: Where We Are, Where We Might Be Headed, and How We Might Get There
Author : Edwin M. Truman
Published in: Evolution of the International and Regional Monetary Systems
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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While not all economists around the world would agree with Robert Triffin’s statement that the external deficit of the United States is the central international economic problem today, a remarkably large majority would agree with him — remarkable by the normal standard of agreement among economists. The consensus breaks down, however, when it comes to the question of why the US external deficit is so important.