...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Review of international economics >The US Trade Deficit and the Rate of Interest
【24h】

The US Trade Deficit and the Rate of Interest

机译：美国贸易逆差与利率

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

It is well known that nations with high trade deficits normally have higher interest rates than those with surplus or balanced trade. However, such has not been the case with the USA, which has seen a relentless trade deficit since 1982. Its interest rates have been lower than those prevailing in many trade-surplus nations. Furthermore, these rates fell even as the trade shortfall shot up, generating an interest-rate paradox. This paper demonstrates that, unlike for other nations, the rising trade deficit itself became the cause of lower US interest rates, and this happened because of the world's strong interest in maintaining a high value of the dollar.
机译：众所周知，贸易逆差较高的国家通常比贸易顺差或平衡的国家具有更高的利率。但是，美国情况并非如此，自1982年以来，美国就出现了持续的贸易逆差。其利率低于许多贸易顺差国家的现行利率。此外，即使贸易赤字急剧增加，这些利率也会下降，从而产生了利率悖论。本文证明，与其他国家不同，不断增长的贸易赤字本身就成为美国降低利率的原因，这是由于世界对保持高美元价值的浓厚兴趣。

著录项

  • 来源
    《Review of international economics》 |2013年第4期|614-626|共13页
  • 作者

    Ravi Batra; Hamid Beladi;

  • 作者单位

    Southern Methodist University, Dallas, TX 75222, USA;

    Department of Economics, College of Business, University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 78249, USA;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号