Those Current Account Imbalances: A Sceptical View
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Maurice Obstfeld & Kenneth Rogoff, 2007.
"The Unsustainable US Current Account Position Revisited,"
NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 339-376,
National Bureau of Economic Research, Inc.
- Maurice Obstfeld & Kenneth S. Rogoff, 2005. "The unsustainable U.S. current account position revisited," Proceedings, Federal Reserve Bank of San Francisco, issue Feb.
- Maurice Obstfeld & Kenneth S. Rogoff, 2005. "The unsustainable U.S. current account position revisited," Proceedings, Federal Reserve Bank of San Francisco.
- Maurice Obstfeld & Kenneth Rogoff & Richard Clarida, "undated". "The Unsustainable U S Current Account Position Revisited," Working Paper 14901, Harvard University OpenScholar.
- Obstfeld, Maurice & Rogoff, Kenneth S, 2005. "The Unsustainable US Current Account Position Revisited," Center for International and Development Economics Research, Working Paper Series qt4f63x50j, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice & Rogoff, Kenneth S, 2005. "The Unsustainable US Current Account Position Revisited," Department of Economics, Working Paper Series qt4f63x50j, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Maurice Obstfeld & Kenneth Rogoff, 2004. "The Unsustainable US Current Account Position Revisited," NBER Working Papers 10869, National Bureau of Economic Research, Inc.
- Rogoff, Kenneth & Obstfeld, Maurice, 2005. "The Unsustainable US Current Account Position Revisited," CEPR Discussion Papers 5416, C.E.P.R. Discussion Papers.
- Mr. Eswar S Prasad & Raghuram Rajan, 2005.
"Controlled Capital Account Liberalization: A Proposal,"
IMF Policy Discussion Papers
2005/007, International Monetary Fund.
- Eswar S. Prasad, 2005. "Controlled Capital Account Liberalisation: A Proposal," Working Papers id:278, eSocialSciences.
- Corden, W. Max, 1995.
"Economic Policy, Exchange Rates, and the International System,"
University of Chicago Press Economics Books,
University of Chicago Press,
edition 1, number 9780226115917, October.
- Corden, W. Max, 1994. "Economic Policy, Exchange Rates, and the International System," OUP Catalogue, Oxford University Press, number 9780198774099.
- Maurice Obstfeld & Kenneth S. Rogoff, 1996. "Foundations of International Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262150476, December.
- Corden, W. Max., 1997. "Trade Policy and Economic Welfare," OUP Catalogue, Oxford University Press, edition 2, number 9780198775348.
- William R. Cline, 2005. "United States as a Debtor Nation, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 3993, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ziesemer, Thomas, 2007. "Estimations of US debt dynamics: Growth cum debt and the savings glut in Kouri’s model," MERIT Working Papers 2007-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Gehlhar, Mark J. & Dohlman, Erik & Brooks, Nora L. & Jerardo, Alberto & Vollrath, Thomas L., 2007. "Global Growth, Macroeconomic Change, and U.S. Agricultural Trade," Economic Research Report 55963, United States Department of Agriculture, Economic Research Service.
- Yongding Yu, 2010. "Managing Capital Flows: The Case of the People’s Republic of China," Chapters, in: Masahiro Kawai & Mario B. Lamberte (ed.), Managing Capital Flows, chapter 8, Edward Elgar Publishing.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- W. Max Corden, 2007. "Those Current Account Imbalances: A Sceptical View1," The World Economy, Wiley Blackwell, vol. 30(3), pages 363-382, March.
- Steinherr, Alfred & Cisotta, Alessandro & Klar, Erik & Sehovic, Kenan, 2006. "Liberalizing Cross-Border Capital Flows: How Effective Are Institutional Arrangements against Crisis in Southeast Asia," Working Papers on Regional Economic Integration 6, Asian Development Bank.
- Papaioannou, Elias & Portes, Richard & Siourounis, Gregorios, 2006.
"Optimal currency shares in international reserves: The impact of the euro and the prospects for the dollar,"
Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 508-547, December.
- Papaioannou, Elias & Portes, Richard & Siourounis, Gregorios, 2006. "Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar," Working Paper Series 694, European Central Bank.
- Elias Papaioannou & Richard Portes & Gregorios Siourounis, 2006. "Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar," NBER Working Papers 12333, National Bureau of Economic Research, Inc.
- Portes, Richard & Papaioannou, Elias & Siourounis, Gregorios, 2006. "Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar," CEPR Discussion Papers 5734, C.E.P.R. Discussion Papers.
- Elias Papaioannou & Richard Portes & Gregorios Siourounis, 2006. "Optimal Currency Shares in Iternational Reserves: The Impact of the Euro and the Prospects for the Dollar," Post-Print halshs-00754634, HAL.
- Philipp Engler & Michael Fidora & Christian Thimann, 2009.
"External Imbalances and the US Current Account: How Supply‐Side Changes Affect an Exchange Rate Adjustment,"
Review of International Economics, Wiley Blackwell, vol. 17(5), pages 927-941, November.
- Thimann, Christian & Fidora, Michael & Engler, Philipp, 2007. "External imbalances and the US current account: how supply-side changes affect an exchange rate adjustment," Working Paper Series 761, European Central Bank.
- Blaise Gnimassoun & Valérie Mignon, 2013.
"Current-account adjustments and exchange-rate misalignments,"
Working Papers
hal-04141182, HAL.
- Blaise Gnimasoun & Valérie Mignon, 2013. "Current-account adjustments and exchange-rate misalignments," EconomiX Working Papers 2013-31, University of Paris Nanterre, EconomiX.
- Blaise Gnimassoun & Valérie Mignon, 2013. "Current-Account Adjustments and Exchange-Rate Misalignments," Working Papers 2013-29, CEPII research center.
- Kenc, Turalay & Dibooglu, Sel, 2010. "The 2007-2009 financial crisis, global imbalances and capital flows: Implications for reform," Economic Systems, Elsevier, vol. 34(1), pages 3-21, March.
- Christopher M. Meissner & Alan M. Taylor, 2006.
"Losing our marbles in the new century?: the great rebalancing in historical perspective,"
Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 51.
- Christopher M. Meissner & Alan M. Taylor, 2006. "Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective," NBER Working Papers 12580, National Bureau of Economic Research, Inc.
- Taylor, Alan M. & Meissner, Christopher M, 2006. "Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective," CEPR Discussion Papers 5917, C.E.P.R. Discussion Papers.
- Staiger, Robert W. & Sykes, Alan O., 2010.
"‘Currency manipulation’ and world trade,"
World Trade Review, Cambridge University Press, vol. 9(4), pages 583-627, October.
- Robert W. Staiger & Alan O. Sykes, 2008. ""Currency Manipulation" and World Trade," NBER Working Papers 14600, National Bureau of Economic Research, Inc.
- Gabriel Fagan & Vitor Gaspar, 2008.
"Macroeconomic Adjustment to Monetary Union,"
Working Papers
2008/14, Czech National Bank.
- Fagan, Gabriel & Gaspar, Vítor, 2008. "Macroeconomic adjustment to monetary union," Working Paper Series 946, European Central Bank.
- Ruscher, Eric & Wolff, Guntram B., 2009.
"External rebalancing is not just an exporters' story: real exchange rates, the non-tradable sector and the euro,"
MPRA Paper
19151, University Library of Munich, Germany.
- Eric Ruscher & Guntram B. Wolff, 2009. "External rebalancing is not just an exporters' story: real exchange rates, the non-tradable sector and the euro," European Economy - Economic Papers 2008 - 2015 375, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Bergant, Katharina, 2021. "The role of stock-flow adjustment during the global financial crisis," Journal of International Money and Finance, Elsevier, vol. 110(C).
- Olivier Blanchard, 2007.
"Current Account Deficits in Rich Countries,"
IMF Staff Papers, Palgrave Macmillan, vol. 54(2), pages 191-219, June.
- Olivier Blanchard, 2007. "Current Account Deficits in Rich Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 54(2), pages 127-158.
- Olivier Blanchard, 2007. "Current Account Deficits in Rich Countries," NBER Working Papers 12925, National Bureau of Economic Research, Inc.
- Forbes, Kristin J., 2010.
"Why do foreigners invest in the United States?,"
Journal of International Economics, Elsevier, vol. 80(1), pages 3-21, January.
- Kristin J. Forbes, 2008. "Why do foreigners invest in the United States?," Working Paper Series 2008-27, Federal Reserve Bank of San Francisco.
- Kristin J. Forbes, 2008. "Why do Foreigners Invest in the United States?," NBER Working Papers 13908, National Bureau of Economic Research, Inc.
- Kristin J. Forbes, 2008. "Why Do Foreigners Invest in the United States?," 2008 Meeting Papers 387, Society for Economic Dynamics.
- Mariarosaria Comunale, 2019.
"Long‐run determinants and misalignments of the real effective exchange rate in the EU,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(5), pages 649-672, November.
- Comunale, Mariarosaria, 2014. "Long-run determinants and misalignments of the real effective exchange rate in the EU," MPRA Paper 59571, University Library of Munich, Germany, revised Sep 2014.
- Mariarosaria Comunale, 2015. "Long-run determinants and misalignments of the real effective exchange rate in the EU," Bank of Lithuania Working Paper Series 18, Bank of Lithuania.
- Alan Ahearne & Jürgen von Hagen, 2006. "European perspectives on global imbalances," Bruegel Working Papers 50, Bruegel.
- Yan, Ho-don, 2007. "Does capital mobility finance or cause a current account imbalance?," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(1), pages 1-25, March.
- Andrea Fracasso & Stefano Schiavo, 2009.
"Trade-imbalances networks and exchange rate adjustments: the paradox of a new Plaza. The XIVth Spring Meeting of Young Economists (SMYE-2009), Istanbul, April 2009,"
Post-Print
hal-01053278, HAL.
- Andrea Fracasso & Stefano Schiavo, 2009. "Trade-imbalances networks and exchange rate adjustments: the paradox of a new Plaza. The XIVth Spring Meeting of Young Economists (SMYE-2009), Istanbul, April 2009," SciencePo Working papers Main hal-01053278, HAL.
- Bineau, Yannick, 2008. "Équilibre extérieur et taux de change réel : apport du modèle de croissance contrainte par la balance des paiements," L'Actualité Economique, Société Canadienne de Science Economique, vol. 84(3), pages 263-285, septembre.
- Chinn, Menzie D. & Lee, Jaewoo, 2009.
"Three current account balances: A "Semi-Structuralist" interpretation,"
Japan and the World Economy, Elsevier, vol. 21(2), pages 202-212, March.
- Menzie D. Chinn & Jaewoo Lee, 2005. "Three Current Account Balances: A "Semi-Structuralist" Interpretation," NBER Working Papers 11853, National Bureau of Economic Research, Inc.
- Ricardo Hausmann & Federico Sturzenegger, 2006.
"Global Imbalances or Bad Accounting? The Missing Dark Matter in the Wealth of Nations,"
CID Working Papers
124, Center for International Development at Harvard University.
- Hausmann, Ricardo & Sturzenegger, Federico, 2006. "Global Imbalances or Bad Accounting? The Missing Dark Matter in the Wealth of Nations," Working Paper Series rwp06-003, Harvard University, John F. Kennedy School of Government.
- Ricardo Hausmann and Federico Sturzenegger, 2006. "Global imbalances or bad accounting? The missing dark matter in the wealth of nations," Business School Working Papers globalimbal, Universidad Torcuato Di Tella.
- Ricardo Hausmann & Federico Sturzenegger, 2006. "Global Imbalances or Bad Accounting? The Missing Dark Matter in the Wealth of Nations," Growth Lab Working Papers 3a, Harvard's Growth Lab.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2006-07-02 (Central Banking)
- NEP-CNA-2006-07-02 (China)
- NEP-FMK-2006-07-02 (Financial Markets)
- NEP-IFN-2006-07-02 (International Finance)
- NEP-PKE-2006-07-02 (Post Keynesian Economics)
- NEP-SEA-2006-07-02 (South East Asia)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iae:iaewps:wp2006n13. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sheri Carnegie (email available below). General contact details of provider: https://edirc.repec.org/data/mimelau.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.