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

New to eBooks.com?

Learn more

Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar

Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar by Gian-Maria Milesi-Ferretti
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further accumulation of U.S. external liabilities. The paper discusses thetension between these two aspects of the dollar assessment, and what factors can helpreconcile them. It focuses in particular on the terms of trade, adjustment lags, andmeasurement issues related to both the real effective exchange rate and the current accountbalance.
International Monetary Fund; November 2008
29 pages; ISBN 9781452706696
Read online, or download in secure EPUB or secure PDF format
Title: Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
Author: Gian-Maria Milesi-Ferretti