Global Imbalances, Exchange Rates and Oil Exporting Countries

Global Imbalances, Exchange Rates and Oil Exporting Countries
ISBN-10
3825818950
ISBN-13
9783825818951
Category
Balance of trade
Pages
200
Language
English
Published
2009
Publisher
LIT Verlag Münster
Author
Christian M. Oberpriller

Description

This book analyzes the phenomenon of the unprecedentedly high U.S. current account deficit and its counterpart surpluses in the rest of the world. The book develops a four-region model focusing on the U.S., Europe, Asia and the oil-exporting countries in order to compute the real exchange rate changes which might accompany a reduction in the world's current account imbalances. In addition to the economics of a purely demand-side-driven world, the impact of a flexible supply side on the behavior of the relevant economic variables is modeled and analyzed.

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