Untangling the US deficit : evaluating causes, cures and global imbalances / Richard A. Iley and Mervyn K. Lewis

By:

Iley, Richard A, 1970- [aut]

Contributor(s):

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Edward Elgar E-Book ArchivePublisher: Cheltenham ; Northampton, Mass : Edward Elgar Pub, 2007Description: 1 Online-Ressource (xi, 272 p) : illISBN:

9781847207050

Subject(s):

Additional physical formats: 1845429206. | 9781845429201. | Erscheint auch als: 1845429206(hardback) Druck-Ausgabe | Erscheint auch als: Untangling the US deficit. Druck-Ausgabe Cheltenham, UK [u.a.] : Elgar, 2007. XI, 272 S.DDC classification:

339.5/230973

RVK: RVK: QL 262 | MG 70910LOC classification:

HJ2051

DOI: DOI: 10.4337/9781847207050Online resources:

Summary: 1. The essence of the problem -- 2. The trade perspective -- 3. National accounting perspectives -- 4. The international perspective -- 5. Nature of the adjustment mechanisms -- 6. The sustainability of the deficit -- 7. The demand for US assets -- 8. China and the United States -- 9. Conclusion.Summary: As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit's causes and consequences has also grown. Is the deficit a product of American profligacy or a 'glut of savings' in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China-United States trade imbalance and to the special role of the US dollar and US capital markets in global financePPN: PPN: 1744975183Package identifier: Produktsigel: ZDB-1-EWE

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