Explore the differences between current and capital accounts and how they affect a nation's net income and asset-liability balance.

Nouriel has already commented on the Economic Report of the President. He didn’t exactly like its international chapter. It didn’t rub me the wrong way quite as strongly - in part because I am more ...

With developed markets too becoming a draw for investors, the outlook on the currency looks slightly uncertain ...

Brad Setser: Richard Iley of BNP Paribas – the author, with Mervyn Lewis, of a new book on the US current account deficit--- doesn’t see the world quite the way I do. I put a lot of emphasis on the ...