THE BALANCE OF PAYMENTS OF THE UNITED STATES: A MEASURE OF THE NATION'S ECONOMIC WELL BEING.
Abstract
Since 1958 the United States has been experiencing a significant increase in the deficits of its international balance of payments. These deficits have been financed, to a sizeable degree, by substantial losses in the gold reserves of this country. This condition reflects a weakening of the dollar in the eyes of the world. This paper discusses the causes of these payments deficits and traces the history of the dollar since World War II. Alternate solutions to remedy the payments problem are evaluated and conclusions and recommendations are made which will remedy the current payments problem and restore the U. S. dollar to its former status in the world. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1964
- Accession Number
- AD0482292
Entities
People
- Thomas Joseph Mulligan
Organizations
- Naval Postgraduate School