G7 current account imbalances : sustainability and adjustment /
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| Other Authors: | |
| Format: | Book |
| Language: | English |
| Published: |
Chicago :
University of Chicago Press,
2007.
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| Series: | A National Bureau of Economic Research conference report
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| Subjects: | |
| Online Access: | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=212606 |
Table of Contents:
- 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.