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BPEA Article

U.S. International Capital Flows and the Dollar

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Abstract

THIS PAPER ADDRESSES four topics: the recent composition of U.S. international capital flows; capital flows and alternative hypotheses about the dollar's appreciation; concerns about U.S. net international indebtedness; and the plausibility that the depreciation of the dollar will be gradual.

Authors

L

Lois Stekler

Board of Governors of the Federal Reserve System

P

Peter Isard

Board of Governors of the Federal Reserve System

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