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Budget Prospects: The Problem of the Sterling Balances
Author(s) -
Lewis Stephen
Publication year - 1990
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1990.tb00717.x
Subject(s) - balance of payments , balance (ability) , economics , pound sterling , keynesian economics , deficit spending , mathematical economics , macroeconomics , monetary economics , medicine , physical medicine and rehabilitation , debt
Does the balance of payments deficit matter? Stephen Lewis, of Fifth Horseman Publications and UBS Phillips & Drew, suggests that the build‐up in sterling balances provides an ominous background to the budget.