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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 30
Rating agencies rate countries on the perceived riskiness of investing in their economies. Standard and Poor's, one of the main rating agencies, downgraded the credit rating for U.S. Treasury bonds in 2011. According to this chapter, what impact should the downgrading have had on net capital outflows and interest rates? Why?
Explanation
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Net capital outflow:
Net capital outflo...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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