Global Imbalances and the US Debt Problem: Should Developing Countries Support the Us Dollar?
Fondad | 2006 | ISBN: 9074208282 | 198 pages | PDF | 1MB
Contributing authors: Jane D' Arista, Zdenk Drábek, Barry Eichengreen, Fan Gang, Stephany Griffith-Jones, Jan Kregel, Yonghyup Oh, Yung Chul Park, Barbara Stallings, Jan Joost Teunissen, Wing Thye Woo Editors: Jan Joost Teunissen and Age Akkerman A book that analyses how the ballooning foreign debt problem of the United States and the problem of increasing global economic imbalances are related, how these problems should be addressed and by whom. Contributing authors provide deep insights and practical policy suggestions of what can be done to lessen the vulnerability of developing countries and contribute to a resolution of the US debt and global imbalances problems. According to some of the contributors, the fundamental problem lies in a global monetary system that maintains the US dollar as the key currency.