ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Who Finances US Budget Deficit

THE shift of the US capital account into surplus in 1983 mainly reflected a reduced level of investment abroad by US residents rather than an increase in inflows of foreign funds into the country, according to the Federal Reserve Bank of St Louis. Using data from the Commerce Department and the US Treasury, the Bank shows that capital outflows from the US Were more than halved in 1983. The reduc-tion in outflows

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