27193

Em
60

ie

pI

PITAL
IMPORTED

£

CRY

2,

er
1022

1024

BN I
1926 1028

Fig. XIX. TOTAL CAPITAL IMPORTED AND THE
BALANCE OF INDEBTEDNESS

Thick black line smoothed 3-year moving-average for capital; dotted line
smoothed 3-year moving-average for excess of debits over credits in the
enternational account.