Shome, Parthasarathi - In: Oxford Review of Economic Policy 28 (2013) 3, pp. 587-602
The global economic crisis of 2008–9 followed by the euro area sovereign debt crisis of 2011–12 has revealed the need for global rebalancing. Economies with current account surpluses need to increase domestic demand, while deficit countries need to reduce their deficits by boosting exports...