"Balance of Payments" Please respond to the following:
1) Compare and contrast the continuous current account deficits of the U.S. with the continuous current account surpluses of Japan. Discuss the likely consequences for both countries if the deficit and surplus roles are reversed in the next 10 years.
2) Analyze the possible strengths and weaknesses of SDRs versus the dollar, and determine if the SDR should or could replace the U.S. dollar as the main global reserve currency.