The majority of American balance of payments deficits in recent years have been financed through changes in official reserve assets.

Name: The majority of American balance of payments deficits in recent years have been financed through changes in official reserve assets.
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The majority of American balance of payments deficits in recent years have been financed through borrowing from foreign entities and direct foreign investments, not through changes in official reserve assets.

The Majority of American Balance of Payments Deficits in Recent