IDEAS home Printed from https://ideas.repec.org/p/lev/levyop/op_7.html
   My bibliography  Save this paper

Reserve Currencies and the Dollar's Role in Containing Global Imbalances

Author

Listed:
  • Jan Kregel

Abstract

The stability of the international reserve currency's purchasing power is less a question of what serves as that currency and more a question of the international adjustment mechanism, as well as the compatibility of export-led development strategies with international payment balances. Export-led growth and free capital flows are the real causes of sustained international imbalances. The only way out of this predicament is to shift to domestic demand–led development strategies-and capital flows will have to be part of the solution.

Suggested Citation

  • Jan Kregel, 2010. "Reserve Currencies and the Dollar's Role in Containing Global Imbalances," Economics One-Pager Archive op_7, Levy Economics Institute.
    • Handle: RePEc:lev:levyop:op_7
    as

    Download full text from publisher

    File URL: http://www.levyinstitute.org/pubs/op_7.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:lev:levyop:op_7. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Elizabeth Dunn (email available below). General contact details of provider: http://www.levyinstitute.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.