On current account surpluses and the correction of global imbalances

dc.contributor.author	Edwards, Sebastián, 1953-
dc.date.accessioned	2019-11-01T00:04:06Z
dc.date.available	2019-11-01T00:04:06Z
dc.date.issued	2008
dc.description	The United States has run an increasingly large current account deficit over the last few years. J. P. Morgan forecasts that in 2007 the deficit will reach almost one trillion dollars, or 7 percent of GDP. This unprecedented situation has generated concern among analysts and policymakers. Many argue that this deficit is unsustainable and that, at some point, it will have to decline. Much of the recent research on the issue examines whether the U.S. external adjustment will be gradual or abrupt, and how it will affect the (real) value of the dollar.
dc.file.name	BCCh-sbc-v12-p025_083
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 25-83
dc.identifier.isbn	978-956-7421-30-5
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3732
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking, Analysis, and Economic Policies, no. 12
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	POLÍTICA ECONÓMICA	es_ES
dc.title	On current account surpluses and the correction of global imbalances
dc.type.doc	Artículo

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