In the long run, the relative size of each currency portfolio depends primarily on relative trend growth rates and current account balances. Rapid economic growth is almost certain to be accompanied by an expanding share of the global market portfolio being denominated in ...

Current account deficit means excess of imports over export. How does tax cut will result.in current account deficit….. I.e. it is clear that tax cut will bring increase in domestic investment but how does it effects export and import…..     Whether it ...

deflation is especially detrimental (harmful) for asset-intensive, commodity-producing, and/or highly leveraged firms. Please explain why.

Please explain the marked portion in the picture.(both the photos contain the disadvantages of leading indicator based approach)