Add to ORKGIn this speech, Stephen Nickell, member of the Bank's Monetary Policy Committee, discusses the recent history of the U.K. current account deficit. Over the past 20 years, the average annual deficit has been around 2% of GDP and shows no signs of diminishing. Indeed, the trade deficits continues to worsen and only substantial offsetting net income flows have contained the current account deficit within bounds. To understand what is going on, we need to look at the net asset position. U.K. foreign assets are enormous, around four times GDP. U.K. foreign liabilities are fractionally bigger using official statistics. But if we correct for the fact that direct investment assets and liabilities are measured at book value rather than market value,...
MANY ANALYSTS IN academia, the private sector, and applied research institutions express increasing ...
While the dramatic widening of the US currentaccount deficit in the last ten years gave rise to heat...
The U.S. current account deficit now stands at about $666 billion, or 5-3/4 percent of GDP. America...
This paper describes the path of the UK's net asset position with the rest of the world. Notwithstan...
The United States has a large and persistent current account deficit. Yet, U.S.\u27s income receipts...
In January 2007, U.K. Government debt to GDP stood at 32.5%. By December 2019 it had grown to 89.5% ...
The paper describes the path of the UK's international investment position (IIP) with the rest of th...
Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and t...
Large and persistent current account deficits are frequently raised as a cause for concern for a num...
institutions express increasing concern about the growing U.S. current account deficit. There is a g...
MANY ANALYSTS IN academia, the private sector, and applied research institutions express increasing ...
2010 This Working Paper should not be reported as representing the views of the IMF. The views expre...
Before the global financial crisis of 2007–2009, the United States and several other countries poste...
ustralia’s current account deficit approached seven per cent of GDP in 2004-05, one of its highest e...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
MANY ANALYSTS IN academia, the private sector, and applied research institutions express increasing ...
While the dramatic widening of the US currentaccount deficit in the last ten years gave rise to heat...
The U.S. current account deficit now stands at about $666 billion, or 5-3/4 percent of GDP. America...
This paper describes the path of the UK's net asset position with the rest of the world. Notwithstan...
The United States has a large and persistent current account deficit. Yet, U.S.\u27s income receipts...
In January 2007, U.K. Government debt to GDP stood at 32.5%. By December 2019 it had grown to 89.5% ...
The paper describes the path of the UK's international investment position (IIP) with the rest of th...
Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and t...
Large and persistent current account deficits are frequently raised as a cause for concern for a num...
institutions express increasing concern about the growing U.S. current account deficit. There is a g...
MANY ANALYSTS IN academia, the private sector, and applied research institutions express increasing ...
2010 This Working Paper should not be reported as representing the views of the IMF. The views expre...
Before the global financial crisis of 2007–2009, the United States and several other countries poste...
ustralia’s current account deficit approached seven per cent of GDP in 2004-05, one of its highest e...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
MANY ANALYSTS IN academia, the private sector, and applied research institutions express increasing ...
While the dramatic widening of the US currentaccount deficit in the last ten years gave rise to heat...
The U.S. current account deficit now stands at about $666 billion, or 5-3/4 percent of GDP. America...