Which view blames a global savings glut for BoP imbalances, argued in a 2005 paper?
ABen Bernanke's view
BMilton Friedman's view
CDavid Ricardo's view
DRobert Torrens' view
Answer & Solution
Correct answer: A. Ben Bernanke's view
Bernanke argued the capital account was the primary driver, with surplus-country savings flowing into the US.
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