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Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
Author: Mr.Gian Milesi-Ferretti
Publisher: International Monetary Fund
Published: 2008-11-01
Total Pages: 31
ISBN-13: 145187118X
DOWNLOAD EBOOK →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.
IMF Working Papers
Author: Gian Maria Milesi-Ferretti
Publisher:
Published: 2008
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →The Puzzle of Twenty-First-Century Globalization
Author: Patrice Franko
Publisher: Rowman & Littlefield
Published: 2017-03-02
Total Pages: 282
ISBN-13: 1538100266
DOWNLOAD EBOOK →The Puzzle of Twenty-First-Century Globalization explores the opportunities and challenges of our international economic system. Patrice Franko and Stephen Stamos clearly trace how the ways we produce, finance, and trade goods and services are profoundly shaped by technologies of communication, transportation, and trade. Globalization encourages hyper-specialization—lavishly rewarding those with the skill sets to serve the global marketplace and punishing those poorly positioned to compete. Globalized systems have created great prosperity—along with instability, vulnerability, and backlash. Few genuinely understand the complex underpinnings of our international economic system—and these specialists tend to operate in isolated silos of finance, trade, and production. But without appreciating how systems come together, we cannot explain political reactions against the costs of globalization such as the Brexit vote or the rise of Donald Trump. We don’t value the changing geo-economic importance of the developing world nor the deep threat to ecosystems. This book is the first to emphasize the interrelated economic aspects of globalization from an interdisciplinary perspective. By placing an introduction to trade, finance, and multinational production in the same text that discusses the changing role of developing countries and the challenges to the environment, the authors provide the novice with the basics to understand the global economy while also challenging advanced students to appreciate global connectivity. Closing the knowledge gap in international economics, the authors present the historical context, interdisciplinary grounding, and competing political perspectivesneededto encourage sound critical thinking around contemporary globalization. They provide the essential global economic tools to equip all readers to make decisions that may foster a fairer, more sustainable global system.
Reform Of The International Monetary System: Chinese Perspectives And Strategies
Author: Xiao Li
Publisher: World Scientific
Published: 2021-07-02
Total Pages: 803
ISBN-13: 9811218889
DOWNLOAD EBOOK →This book proposes that the short-term goal of the current reform of the international monetary system should be a combination of controlling 'imbalances' and 'the risk of the dollar', namely using the balance of payments coordination mechanism to suppress risks by exchange rate cooperation. The reforms of international reserve currencies, international financial institutions, and international financial regulation provide a good external environment for the stable development of the world economy. The book discusses the mechanisms that will continue to support the hegemony of the US dollar and the US dollar system in the future, including the commodity dollar return mechanism, the international debt repayment mechanism, the petroleum dollar pricing mechanism and the dollar rescue mechanism in financial crisis. The book predicts that the current international currency system dominated by the US dollar will remain sustainable for a long time. Finally, the book proposes four strategies for China's participation in the reform of the international monetary system.
Macroeconomic Stability and Financial Regulation: Key Issues for the G20
World Economic Outlook, April 2009
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Published: 2009-04-22
Total Pages: 252
ISBN-13: 1589068068
DOWNLOAD EBOOK →This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.
Social Theory Now
Author: Claudio E. Benzecry
Publisher: University of Chicago Press
Published: 2017-08-14
Total Pages: 416
ISBN-13: 022647531X
DOWNLOAD EBOOK →The landscape of social theory has changed significantly over the three decades since the publication of Anthony Giddens and Jonathan Turner’s seminal Social Theory Today. Sociologists in the twenty-first century desperately need a new agenda centered around central questions of social theory. In Social Theory Now, Claudio E. Benzecry, Monika Krause, and Isaac Ariail Reed set a new course for sociologists, bringing together contributions from the most distinctive?sociological?traditions?in an ambitious survey of where social theory is today and where it might be going. The book?provides a strategic window onto social theory based on current research, examining trends in classical traditions and the cutting edge of more recent approaches. From distinctive theoretical positions, contributors address questions about?how social order is accomplished; the role of materiality, practice, and meaning; as well as the conditions for the knowledge of the social world. The theoretical traditions presented include cultural sociology, microsociologies, world-system theory and post-colonial theory, gender and feminism, actor network and network theory, systems theory, field theory, rational choice, poststructuralism, pragmatism, and the sociology of conventions. Each chapter introduces a tradition and presents an agenda for further theoretical development. Social Theory Now is an essential tool for sociologists. It will be central to the discussion and teaching of contemporary social theory?for years to come.
Rising Powers and the Future of Global Governance
Author: Kevin Gray
Publisher: Routledge
Published: 2015-04-10
Total Pages: 264
ISBN-13: 1317525159
DOWNLOAD EBOOK →This volume contributes to the growing debate surrounding the impact that the rising powers may or may not be having on contemporary global political and economic governance. Through studies of Brazil, India, China, and other important developing countries within their respective regions such as Turkey and South Africa, we raise the question of the extent to which the challenge posed by the rising powers to global governance is likely to lead to an increase in democracy and social justice for the majority of the world’s peoples. By addressing such questions, the volume explicitly seeks to raise the broader normative question of the implications of this emergent redistribution of economic and political power for the sustainability and legitimacy of the emerging 21st century system of global political and economic governance. Questions of democracy, legitimacy, and social justice are largely ignored or under-emphasised in many existing studies, and the aim of this collection of papers is to show that serious consideration of such questions provides important insights into the sustainability of the emerging global political economy and new forms of global governance. This book was published as a special issue of Third World Quarterly.
Brookings Papers on Economic Activity: Fall 2008
Author: Douglas W. Elmendorf
Publisher: Brookings Institution Press
Published: 2010-12-01
Total Pages: 455
ISBN-13: 0815703503
DOWNLOAD EBOOK →"Brookings Papers on Economic Activity (BPEA)" provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: Editors' Summary Financial Crash, Commodity Prices, and Global Imbalances, By Ricardo J. Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas Making Sense of the Subprime Crisis, By Kristopher Gerardi, Andreas Lehnert, Shane M. Sherlund, and Paul Willen The Central Role of Home Prices in the Current Financial Crisis: How Will the Market Clear? By Karl E. Case Beyond Leveraged Losses: The Balance Sheet Effects of the Home Price Downturn, By Jan Hatzius Financial Regulation in a System Context, By Stephen Morris and Hyun Song Shin The Unofficial Economy and Economic Development, By Rafael La Porta and Andrei Shleifer The Real Exchange Rate and Economic Growth, By Dani Rodrik
