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Is the USA depriving the rest of the world of capital?

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Intereconomics

Abstract

High American interest rates and confident expectations about the future dollar exchange rate have exerted an unprecedented attraction on foreign capital in the past two years. Gross capital inflows into the USA came to as much as $ 89 billion and $ 83 billion in 1982 and 1983 respectively. It is widely held that this is depleting the supply of capital to the rest of the world. Is this view justified?

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References

  1. Cf. IMF Survey, March 26, 1984, p.83.

  2. “Dollar weiter auf dem Höhenflug”, in: General-Anzeiger, Bonn, July 24, 1984.

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Authors and Affiliations

  1. University of Munich, Munich

    Anton Konrad

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  1. Anton Konrad
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Konrad, A. Is the USA depriving the rest of the world of capital?. Intereconomics 19, 263–266 (1984). https://doi.org/10.1007/BF02928349

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  • DOI: https://doi.org/10.1007/BF02928349

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