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The exorbitant privilege for the United States implies that: foreigners' investments in the United States earn them less income than U . S . investments
The exorbitant privilege for the United States implies that:
foreigners' investments in the United States earn them less income than US investments abroad.
US investments abroad often earn very low interest rates.
foreigners' investments in the United States earn them more income than US investments abroad.
the United States can lend money to people at low interest rates.
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Econometric Analysis
Authors: William H. Greene
8th Edition
978-0134461366, 0134461363
