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Do global current account imbalances still matter in a world of deep international financial markets where gross two …" view of the world, large current account imbalances, while very possibly warranted by fundamentals and welcome, can also …
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interdependent world. Because pathogens do not respect national borders, the SARS-CoV-2 virus caused a global economic shock and a … worldwide downturn, sending governments throughout the world scrambling for policies to stop the spread of the disease while …
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This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening monetary policy and allowing Asian currencies to appreciate as a way of achieving a better balance between internal and external demand. Leaving the overall level of demand...
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