• 00:01    |    
    Initial credits
  • 00:20    |    
  • 1:03    |    
    • Current account deficit in the U.S.A.
    • The case of developing countries
    • The need of savings
  • 7:30    |    
    The U.S.A. from 1997 to 2004
  • 14:15    |    
    International situation
  • 16:43    |    
    Balance of payment
    • Major sub-balances
    • The current account and the capital account
  • 24:10    |    
    The relation of U.S.A. with Europe, Japan and China
  • 24:50    |    
    The exploding situation
  • 34:02    |    
    • Manipulation of the exchange rate
    • The Latin American case
    • Service economy
  • 44:47    |    
    What to expectand
  • 44:56    |    
    Difference between financial cycle or boom bust cycle
  • 50:24    |    
    The current international financial system for the Austrian economists
  • 51:21    |    
    End of lecture
  • 51:24    |    
    Final credits

Do Current Account Deficits Matter?

New Media  | 27 de enero de 2004  | Vistas: 4704

About this video

Do current account deficits matter? This is the question that Antony Mueller analyzes in his lecture by using the examples of the United States, Europe, Japan, and Latin America to compare different account deficits. He talks about the United States, a country that has imported more goods than it has exported, which has caused its current account deficit to grow dramatically from $445 billion in 2000 to $500 billion in 2004. As well, he comments on the large amount of money that the European have accumulated in their reserves and that is no longer needed due to the shared currency and describes the Japanese surplus of $600 to $800 billion that is used for pension funds. Mueller shares his thesis in which he explains that the United States has experienced a high prosperity based on debt while Japan has stabilized its recession by manipulating the Yen and by inducing exports. Mueller’s analysis enriches the knowledge and awareness of the current economic situation worldwide.


Do Current Account Deficits Matter?
Antony Mueller

Friedrich A. Hayek Auditorium
Universidad Francisco Marroquín
Guatemala, January 27, 2004

A New Media - UFM production. Guatemala, January 2004
Camera: Sergio Miranda; digital editing: Alexander Arauz, Jorge Samayoa; index: Inés Zúñiga; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España


Dr. Antony P. Mueller was born in Germany where he obtained…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín