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The international monetary (non-)order and the "global capital flows paradoxʺ
Bibow, Jörg (contributor) - 2008
glutʺ observed in the era of advancing financial globalization. The supposed paradox is that the developing world has … States’ position as issuer of the world’s premiere reserve currency and supremacy in global finance explain the related …
Persistent link: https://www.econbiz.de/10003727283
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An asymmetry matrix in global current accounts
Schnabl, Gunther; Freitag, Stephan - 2009
The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and …). The paper finds that the changes of the world current account positions are driven by the macroeconomic pol-icy decisions … contribute to rising saving surpluses. -- Global Imbalances ; Asymmetric World Monetary System ; Twin Deficit ; Twin Surplus …
Persistent link: https://www.econbiz.de/10003818510
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Reshaping the international monetary architecture : lessons from Keynes’ plan
Piffaretti, Nadia F. - 2009
Persistent link: https://www.econbiz.de/10003916566
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An alternative perspective on global imbalances and international reserve currencies
Kregel, Jan A. - 2010
The stability of the international reserve currency's purchasing power is less a question of what serves as that currency and more a question of the international adjustment mechanism, as well as the compatibility of export-led development strategies with international payment balances....
Persistent link: https://www.econbiz.de/10008859413
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Neue Krise in Sicht? : die politische Ökonomie globaler Ungleichgewichte
Kurtz, Gerrit - 2010
Persistent link: https://www.econbiz.de/10003982948
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The political economy of reducing the United States dollar's role as a global reserve currency
Yap, Josef T. - 2011
the world economy. This matter is settled by arguing that the global imbalances acted as a "handmaiden" to the 2008 …
Persistent link: https://www.econbiz.de/10009267732
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Global imbalances and the financial crisis
Whelan, Karl - 2010
Did global imbalances cause the financial crisis? A number of influential figures have argued that inflows of foreign capital into the US due to the current account deficit helped to trigger the crisis. This paper argues that the evidence for this position is weak. The capital inflows into the...
Persistent link: https://www.econbiz.de/10009726076
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Real interest rates, imbalances and the curse of regional safe asset providers at the zero lower bound
Gourinchas, Pierre-Olivier; Rey, Hélène - 2016
Persistent link: https://www.econbiz.de/10011545915
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The theory of global imbalances : mainstream economics vs. structural Keynesianism
Palley, Thomas I. - 2014
Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances seem a significant problem. However, acknowledging that would question mainstream economics' celebratory stance toward globalization. That tension prompted an array of explanations...
Persistent link: https://www.econbiz.de/10010424306