Untangling the US deficit : evaluating causes, cures and global imbalances / Richard A. Iley and Mervyn K. Lewis.
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?...
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| Language: | English |
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Cheltenham ; Northampton, Mass. :
Edward Elgar Pub.,
2007.
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| Physical Description: | xi, 272 pages : illustrations |
| Format: | Electronic eBook |
| Summary: |
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 Deficit charts 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. |
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| Note: | Electronic resource. |
| Call Number: | HJ2051 .I63 2007 |
| Bibliography Note: | Includes bibliographical references (pages 245-263) and index. |
| ISBN: | 1845429206 (hardback) 9781845429201 (hardback) 9781847207050 (e-book) |