Jon Sindreu on Global Financial Flows and the Balance of Trade
Macro Musings with David Beckworth
00:00
Is China Importing More Than It Imports?
Is it appropriate to look at net capital floes, which is what the current account is, or isn't more importat t lok at gross? Number one? Is it inevitable that china's large current account surpluses in the mid two thousands are only inevitable because these accounting realities are, i think, wrongly interpreted? And can emerging market countries have a shallow domestic financial system and need to borrow from abroad to buy stuff. Am, you know, interrafts like buying gilts and uk equities may be completely different processes but they're all behavior relationships we need to analyze.
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