This article summarizes the presentations and discussions at the Fourth Columbia International Investment Conference, which gathered leading economists, representatives of governments and intergovernmental organizations, legal practitioners, and development experts. The Conference addressed how...

This paper uses NIESR’s global econometric model, NiGEM, to analyse possible adjustment paths for the US current account, if its current level of 6 per cent of GDP proves unsustainable. Nominal exchange rate shifts have only a transitory impact on current account balances, so any long-term...