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04150nam a2200481 a 4500 |
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1911822 |
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20171111234751.0 |
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050701s2005 dcua ob 001 0 eng d |
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|a 0881323993
|q (pbk.)
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|a 9780881323993
|q (pbk.)
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|a 9781435609150
|q (electronic bk.)
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|a 1435609158
|q (electronic bk.)
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|a 9780881324686
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|a 088132468X
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|a COCUF
|b eng
|e pn
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4 |
|a HJ8119
|b .C55 2005eb
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| 100 |
1 |
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|a Cline, William R.
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| 245 |
1 |
4 |
|a The United States as a debtor nation /
|c William R. Cline.
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| 260 |
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|a Washington, DC :
|b Institute for International Economics :
|c 2005.
|b Center for Global Development,
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| 300 |
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|a 1 online resource (xix, 304 pages) :
|b illustrations
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| 504 |
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|a Includes bibliographical references (pages 283-290) and index.
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|a 1. The international debt cycle and the United States as an external debtor -- The debt cycle -- Measuring the net international investment position -- The debt cycle in practice -- The global balance sheet discrepancy -- Debt cycle status and growth performance -- Appendix 1A. Estimating the net international investment position -- 2. Valuation effects, asymmetric returns, and economic net foreign assets -- US valuation effects -- US asymmetric capital returns -- Capital services and economic versus accounting net foreign assets -- Alternative measures : cash flow versus debt burden -- 3. Projecting the US current account deficit and net foreign assets -- A simple projection model -- Calibration and data -- Identifying the exchange rate lag -- Backcast performance -- Baseline projections -- Comparison with other projections -- Adjustment scenarios -- Impact parameters -- 4. US fiscal imbalance and the external deficit -- Understanding the linkages -- The decline in personal saving -- Fiscal outlook for 2005-10 -- Long-term fiscal problem -- General equilibrium framework -- Toward fiscal and external adjustment -- Appendix 4A. A simple general equilibrium model relating the trade and fiscal balances -- 5. Sustainability of the US current account deficit and the risk of crisis -- US share in global portfolios -- Debt ratios and critical thresholds -- Hard landing, long-term burden, and protectionist pressures -- The evolving crisis debate -- Appendix 5A. Key features of leading recent analyses -- 6. Impact of the US external imbalance on the rest of the world -- Impact on global demand -- Impact on interest rates -- Emerging-market capital supply and current account performance -- Developing-country reserves : burden or bonanza? -- East Asian exchange rate rigidity -- Achieving global adjustment -- Appendix 6A. Optimal exchange rate realignment -- Appendix 6B. Recent alternative profiles proposed for global adjustment -- 7. Principal findings and policy implications -- The international debt cycle -- Valuation effects, asymmetric returns, and economic net foreign assets -- Forecasting the US current account deficit and net foreign assets -- The role of fiscal adjustment -- Sustainability and risks of the current account deficit -- Global impact of US external imbalance -- Policy implication.
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| 650 |
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0 |
|a Debts, External
|z United States.
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| 650 |
|
0 |
|a Balance of trade
|z United States.
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| 650 |
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0 |
|a Investments, American.
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| 650 |
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6 |
|a Dettes extérieures
|z États-Unis.
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| 650 |
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6 |
|a Balance commerciale
|z États-Unis.
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| 650 |
|
6 |
|a Investissements américains.
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| 650 |
|
7 |
|a BUSINESS & ECONOMICS
|x Public Finance.
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| 650 |
|
7 |
|a Balance of trade.
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| 650 |
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7 |
|a Commercial policy.
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| 650 |
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7 |
|a Debts, External.
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| 650 |
1 |
7 |
|a Internationale leningen.
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| 650 |
1 |
7 |
|a Buitenlandse schulden.
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| 650 |
1 |
7 |
|a Handelsbalans.
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| 650 |
0 |
7 |
|a Handelsbilanz <Außenhandel>
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| 651 |
|
0 |
|a United States
|x Commercial policy.
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| 651 |
|
6 |
|a États-Unis
|x Politique commerciale.
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| 651 |
|
7 |
|a United States.
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| 651 |
|
7 |
|a USA.
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| 710 |
2 |
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|a Center for Global Development.
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| 856 |
4 |
0 |
|a Institute for International Economics (U.S.)
|u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=211108
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| 952 |
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|a CY-NiOUC
|b 5a04679e6c5ad14ac1ef113a
|c 998a
|d 945l
|e -
|t 1
|x m
|z Books
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