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Is imbalances and current account surpluses in Japan : in memory of Professor Ronald I. McKinnon

Horioka, Charles - In: The Singapore economic review : journal of the Economic … 61 (2016) 2, pp. 1-17

Persistent link: https://www.econbiz.de/10011610578

IS imbalances and current account surpluses in Japan : in memory of Professor Ronald I. McKinnon

Horioka, Charles - 2015

In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …

Persistent link: https://www.econbiz.de/10011311745

Pandora box: the eurozone and the euro crisis

McIntosh, Bryan; Ferretti, Fabrizio - In: Cogent economics & finance 3 (2015) 1, pp. 1-9

The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this...

Persistent link: https://www.econbiz.de/10011449877

The German undervaluation regime under Bretton Woods : how Germany became the nightmare of the world economy

Höpner, Martin - 2019

Germany is an undervaluation regime, a regime that steers economic behavior towards deterioration of the real exchange rate and thereby towards export surpluses. This regime has brought the eurozone to the brink of collapse. But it is much older than the euro. It was established during the...

Persistent link: https://www.econbiz.de/10011963824