The Leading eBooks Store Online 4,353,660 members ⚫ 1,442,818 ebooks

New to eBooks.com?

Learn more

Global Imbalances and Financial Stability

Global Imbalances and Financial Stability by Miranda Xafa
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
This paper discusses two opposing views on global imbalances: The "traditional view", which regards the imbalances as a threat to global economic and financial stability, and the "new paradigm" view, which considers that they are the natural consequence of economic and financial globalization. In terms of their policy implications, the traditional view focuses on monetary and fiscal policy decisions in the United States that need to be urgently reversed to avoid an abrupt unwinding of the imbalances involving a sell-off of dollar assets, a sharp increase in U.S. interest rates, and a hard landing for the global economy. By contrast, the new paradigm view considers that the imbalances will be resolved smoothly through the normal functioning of markets. The paper argues that an abrupt unwinding of imbalances is highly unlikely and advances a number of arguments in support of the new paradigm view.
International Monetary Fund; May 2007
20 pages; ISBN 9781452718842
Read online, or download in secure EPUB or secure PDF format
Title: Global Imbalances and Financial Stability
Author: Miranda Xafa