In 2009, US liabilities were dollar-denominated corporate and official debt for the most part, while US external assets were mostly equities, bank loans, government debt, and foreign direct...

In 2009, US liabilities were dollar-denominated corporate and official debt for the most part, while US external assets were mostly equities, bank loans, government debt, and foreign direct investment, denominated in foreign currencies When the dollar fell in the wake of the financial crisis, what net effect was there on US external wealth?

May 16, 2022
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