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The sustainability of the large and persistent U.S. current account deficits is one of the biggest issues currently being confronted by international macroeconomists. Some very plausible theories suggest that the substantial global imbalances can continue in a benign manner, other equally...
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concerning the impact on India of the likely outcome of the TPP and TTIP in respect of market regulation. Both tariff and NTB … reductions associated with TPP/TTIP as well as the rise in standards have an overall negative effect on India. Compliance with … labour standards is the most costly scenario for India. On the other hand, not complying with the emerging global standards …
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This paper proposes an integrated framework to analyze jointly two key issues: the emergence of global imbalances and the precautionary motive for accumulating reserves. Standard models of general equilibrium would predict modest current account surpluses in the emerging markets if they face...
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