Untangling the US deficit : evaluating causes, cures and global imbalances / Richard A. Iley and Mervyn K. Lewis.

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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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Bibliographic Details
Main Author:	Iley, Richard A., 1970-
Corporate Author:	Edward Elgar Publishing
Other Authors:	Lewis, Mervyn
Language:	English
Published:	Cheltenham ; Northampton, Mass. : Edward Elgar Pub., 2007.
Subjects:	Budget deficits > United States.
Online Access:	Connect to online resource - MSU authorized users
Physical Description:	xi, 272 pages : illustrations
Format:	Electronic eBook

Contents:

1. The essence of the problem
2. The trade perspective
3. National accounting perspectives
4. The international perspective
5. Nature of the adjustment mechanisms
6. The sustainability of the deficit
7. The demand for US assets
8. China and the United States
9. Conclusion.