Search results for: “outflow of capital”
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Flight From The Dollar
The large-scale divestiture of dollars and dollar-denominated securities by speculators and capital markets in 1970- 1971 in anticipation of a dollar devaluation. Pessimism concerning the dollar arose in response to growing balance of trade deficits and capital outflows attributable to low U.S. inte…
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Dollar Deficit
The amount by which dollar outflows to a given country exceed dollar inflows from that same country over a given period of time. These flows may be the result of sales of actual merchandise, service transactions, or capital transfers….