Re: Why must the Capital Acc. = the Current Acc.?

From: Lantern (gchand4059_at_aol.com)
Date: 02/26/05 

Date: 26 Feb 2005 12:00:52 -0800

Andy F. wrote:
>Yes, but I think those dollars would appear in the capital account as
a liability of the central bank>

I gather Andy, you understand the capital account. The current
account/capital account appears to me to track money. The current
account is easy..it is exports minus imports. But the capital account
is difficult to explain what it is and therefore it must equal the
current account.

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