A quick note on terminology: A negative current account or deficit in a current account means that money is flowing into a country from abroad: that is, foreign investors invest in a country with a negative current account. A positive current account or surplus in a current account means that money is flowing out of a country. Discuss how the increase in the Spanish debt-to-income ratio between 2000 and 2008 (Exhibit D) and the negative current account before the 2008 Financial Crisis (Exhibit E) are related to the strong house price growth