What is the balance of payments disequilibrium? Can a country run a balance of payments deficit indefinitely?

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What is the balance of payments disequilibrium? Can a country run a balance of payments deficit indefinitely? Explain how balance of payments disequilibria can be automatic self-correcting.
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International Money and Finance

ISBN: 978-0123852472

8th edition

Authors: Michael Melvin, Stefan C. Norrbin

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