Keyword: trade deficits
Free Money? (5/12/2010)
The dollar as an international reserve currency allows the United States to pile up huge budget and trade deficits as export-surplus countries accumulate dollars for their foreign exchange reserves.
Keywords: appreciation, budget deficits, central banks, dollar, foreign exchange reserves, free money, IOU, Reserve currency, trade deficits, yuan
Trade Deficits (11/2/2011)
Trade deficits serve to fill domestic private saving gap and government budget gap.
Keywords: budget gap, net export, saving gap, trade deficits