G7 Current Account Imbalances

G7 Current Account Imbalances
Author :
Publisher : University of Chicago Press
Total Pages : 518
Release :
ISBN-10 : 9780226107288
ISBN-13 : 0226107280
Rating : 4/5 (88 Downloads)

Book Synopsis G7 Current Account Imbalances by : Richard H. Clarida

Download or read book G7 Current Account Imbalances written by Richard H. Clarida and published by University of Chicago Press. This book was released on 2007-11-01 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including other G7 countries such as Japan and Germany, must collectively run current account surpluses to finance this deficit. How long can such unevenness between imports and exports be sustained, and what form might their eventual reconciliation take? Putting forth scenarios ranging from a gradual correction to a crash landing for the dollar, G7 Current Account Imbalances brings together economists from around the globe to consider the origins, status, and future of those disparities. An esteemed group of collaborators here examines the role of the bursting of the dot-com bubble, the history of previous episodes of current account adjustments, and the possibility of the Euro surpassing the dollar as the leading international reserve currency. Though there are areas of broad agreement—that the imbalances will ultimately decline and that currency revaluations will be part of the solution—many areas of contention remain regarding both the dangers of imbalances and the possible forms of adjustment. This volume will be of tremendous value to economists, politicians, and business leaders alike as they look to the future of the G7 economies.


G7 Current Account Imbalances Related Books

G7 Current Account Imbalances
Language: en
Pages: 518
Authors: Richard H. Clarida
Categories: Business & Economics
Type: BOOK - Published: 2007-11-01 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including
Current Account Reversals and Currency Crises
Language: en
Pages: 45
Authors: Mr.Gian Milesi-Ferretti
Categories: Business & Economics
Type: BOOK - Published: 1998-06-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper studies large reductions in current account deficits and exchange rate depreciations in low- and middle-income countries. It examines which factors h
External Adjustment
Language: en
Pages: 64
Authors: Maurice Obstfeld
Categories: Balance of trade
Type: BOOK - Published: 2004 - Publisher:

DOWNLOAD EBOOK

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a
The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account
Language: en
Pages: 47
Authors: Aart Kraay
Categories: Balance of payments
Type: BOOK - Published: 2005 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The authors challenge this view here and develop two alternative interpretations. Both are based on the notion that a bubble (the "dot-com" bubble) has been dri
China's Growing Role in World Trade
Language: en
Pages: 603
Authors: Robert C. Feenstra
Categories: Business & Economics
Type: BOOK - Published: 2010-03-10 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial i