What Were Some of the Consequences of the Large Current

question 26

Essay

What were some of the consequences of the large current account deficits that the U.S.ran from the 1990s to 2007?

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Definitions:

Society of Worldwide Interbank Financial Telecommunications

An international messaging network used by banks and financial institutions to securely transmit information and instructions.

Client Accounts

Accounts managed by a company or firm that contain the personal and transactional information of its clients.

Society of Worldwide Interbank Financial Telecommunications

An organization that provides a network allowing financial institutions worldwide to send and receive information about financial transactions in a secure, standardized, and reliable environment.

International Monetary Fund

An international organization that aims to promote global economic growth and financial stability, encouraging international trade and reducing poverty.