عنوان

G7 current account imbalances :

(Number (ISBN

0226107280

(Number (ISBN

1281125407

(Number (ISBN

661112540X

(Number (ISBN

9780226107288

(Number (ISBN

9781281125408

(Number (ISBN

9786611125400

Erroneous ISBN

0226107264

Erroneous ISBN

9780226107264

Number

b746380

Title Proper

G7 current account imbalances :

General Material Designation

[Book]

Other Title Information

sustainability and adjustment /

First Statement of Responsibility

edited by Richard H. Clarida.

Place of Publication, Distribution, etc.

Chicago :

Name of Publisher, Distributor, etc.

University of Chicago Press,

Date of Publication, Distribution, etc.

2007.

Specific Material Designation and Extent of Item

1 online resource (ix, 507 pages) :

Other Physical Details

illustrations

Series Title

A National Bureau of Economic Research conference report

Text of Note

"The papers were ... and were presented at a conference in Newport, Rhode Island in June 2005"--Introduction.

Text of Note

Includes bibliographical references and indexes.

Text of Note

I. Origins of G7 current account imbalances. From world banker to world venture capitalist : U.S. external adjustment and the exorbitant privilege / Pierre-Olivier Gourinchas and Helene Rey. Comment / José De Gregorio -- A global perspective on external positions / Philip R. Lane and Gian Maria Milesi-Ferretti / Comment / Richard Portes -- Direct investment, rising real wages, and the absorption of excess labor in the periphery / Michael P. Dooley, David Folkerts-Landau, and Peter Garber. Comment / Shang-Jin Wei -- II. Empirical studies of G7 current account and exchange rate adjustment. Current account deficits in industrial countries : the bigger they are, the harder they fall? / Caroline Freund and Frank Warnock. Comment / Assaf Razin -- Are there thresholds of current account adjustment in the G7? / Richard H. Clarida, Manuela Goretti, and Mark P. Taylor. Comment / Robert E. Cumby -- Current account reversals : always a problem? / Muge Adalet and Barry Eichengreen. Comment / Frederic S. Mishkin -- Understanding the U.S. trade deficit : a disaggregated perspective / Catherine L. Mann and Katharina Pluck. Comment / Peter B. Kenen -- Will the euro eventually surpass the dollar as leading international reserve currency? / Menzie Chinn and Jeffrey A. Frankel. Comment / Edwin M. Truman -- III. Theoretical perspectives on current account sustainability and adjustment. The unsustainable U.S. current account position revisited / Maurice Obstfeld and Kenneth Rogoff. Comment / Kristin 1. Forbes -- Smooth landing or crash? Model-based scenarios of global current account rebalancing / Hamid Faruqee, Douglas Laxton, Dirk Muir, and Paolo A. Pesenti. Comment / Lars E.O. Svensson -- The dot-com bubble, the Bush deficits, and the U.S. current account / Aart Kraay and Jaume Ventura. Comment / Joseph E. Gagnon.

0

Text of Note

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.

Title

G7 current account imbalances.

International Standard Book Number

9780226107264

Balance of payments-- Group of Seven countries, Congresses.

Balance of payments.

BUSINESS & ECONOMICS-- Exports & Imports.

BUSINESS & ECONOMICS-- International-- General.

BUSINESS & ECONOMICS-- International-- Marketing.

POLITICAL SCIENCE-- International Relations-- Trade & Tariffs.

Group of Seven countries.

7

BUS-- 026000

BUS-- 035000

BUS-- 043030

POL-- 011020

Number

Edition

Class number

Book number

Clarida, Richard H.

National Bureau of Economic Research.

Date of Transaction

20201204063208.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y