Subject: Re: Krugman: Gaming Out a Sudden Stop
The equation is:
(0.1 x (assets/1,000,000))/(GDP/1,000,000,000)= 90 (for this example)
Therefore
Assets= ((90 x 1,000,000)/(0.1 x 1,000,000,000)) x GDP
Assets = (9/10)x GDP
Aussi