Untangling the US Deficit Evaluating Causes, Cures and Global Imbalances |
|
| Author:
| Iley, Richard A.
Lewis, Mervyn K. |
| ISBN: | 978-1-84542-920-1 |
| Publication Date: | Jan 2007 |
| Publisher: | Edward Elgar Publishing, Incorporated
|
| Book Format: | Hardback |
| List Price: | AUD $190.95 |
Book Description:
|
As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit's causes and consequences has also grown. Is the deficit a product of American profligacy or a 'glut of savings' in the rest of the world? Is it a serious problem or essentially benign?
Untangling the US Deficitcharts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data....
More DescriptionAs the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit's causes and consequences has also grown. Is the deficit a product of American profligacy or a 'glut of savings' in the rest of the world? Is it a serious problem or essentially benign?
Untangling the US Deficitcharts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China-United States trade imbalance and to the special role of the US dollar and US capital markets in global finance.
This unique and well-researched book will be of great interest to academic economists and postgraduates. Policy-makers, business and market economists will also find it to be an enlightening and challenging account.