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Exact(32)
Until three or four years ago, oil and mineral producing countries were advised to save resource revenues abroad according to some version of the permanent income hypothesis, which posits accumulation of foreign savings until returns on accumulated capital are sufficient to provide an even future revenue stream.
The flip side of this problem is overconsumption, in which a nation (like the present-day U.S., maybe?) borrows from abroad in order to finance a short-term binge of imports that lowers its long-term living standard due to the accumulation of foreign debt and the sale of assets to foreigners.
China's rapid accumulation of foreign reserves is unsustainable.
What results is a remarkable accumulation of foreign debt.
Mexican monetary authorities announced a mechanism to slow the country's accumulation of foreign currency reserves.
These factors in turn result in aid dependence and the accumulation of foreign debt".
Similar(28)
In others, such as China, it appears in a faster accumulation of foreign-exchange reserves by the central bank.
Argentina's central-bank governor argues that the "accumulation of foreign-exchange reserves is a powerful instrument of self-insurance".Western governors put more stress on exchange rates.
Mr Uribe is convinced that this kind of transparent, small, predictable intervention is much more effective than the large-scale but unpredictable accumulation of foreign-exchange reserves that other emerging markets have gone for.
And pushing against appreciation enables the accumulation of foreign-exchange reserves, which can then be deployed to ease depreciation when market sentiment shifts.Of course, and as the IMF points out, a free floating regime has been associated with the lowest probability of crisis over the past generation.
The common tipping point was an accumulation of foreign-currency debt combined with devaluation.
More suggestions(16)
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accumulation of international
compilation of foreign
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acquisitions of foreign
accumulation of foreign exchange
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accumulation of volatile
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Justyna Jupowicz-Kozak
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