"Examines the large imbalances in the world economy that contributed to the financial crisis of 2000-09, especially among those economies ordering the Pacific with the large deficits in the United States and the offsetting surpluses in East Asia, and how national policies could be coordinated to...

This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States, evaluating key indicators agreed on by the G20 for identifying large imbalances, including public and private debt and private saving, and countries' external...