Rebalancing The Global Economy PDF Download
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Author | : Stijn Claessens |
Publisher | : CEPR |
Total Pages | : 215 |
Release | : 2010-08 |
Genre | : Economic policy |
ISBN | : 1907142118 |
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The purpose of this electronic book is to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge. To break down the many facets of this collective economic challenge, leading experts were asked to address one of the following policy-relevant questions. 1. How large are contemporary current account imbalances? Why do they persist? 2. What are the systemic costs of imbalances? 3. What are the lessons from previous attempts to rebalance the global economy? 4. What would rebalancing entail? Which policies must change? Is collective action needed? 5. What is the political viability of proposals to rebalance national economies? 6. Are new system-wide accords needed to promote rebalancing or to discourage persistent imbalances? www.voxeu.org/reports/global_imbalances.pdf
Author | : Stijn Claessens |
Publisher | : |
Total Pages | : 204 |
Release | : 2010 |
Genre | : Economic policy |
ISBN | : |
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This new eBook aims to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge.--Publisher description.
Author | : Michael Pettis |
Publisher | : Princeton University Press |
Total Pages | : 256 |
Release | : 2014-10-26 |
Genre | : Business & Economics |
ISBN | : 0691163626 |
Download The Great Rebalancing Book in PDF, ePub and Kindle
How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.
Author | : Stefan Collignon |
Publisher | : |
Total Pages | : 140 |
Release | : 2010 |
Genre | : |
ISBN | : |
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Author | : Yongzheng Yang |
Publisher | : International Monetary Fund |
Total Pages | : 33 |
Release | : 2011-10-01 |
Genre | : Business & Economics |
ISBN | : 1463922612 |
Download Global Rebalancing Book in PDF, ePub and Kindle
While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities.
Author | : Zia Qureshi |
Publisher | : |
Total Pages | : 6 |
Release | : 2011 |
Genre | : Balance of payments |
ISBN | : |
Download Rebalancing, Growth and Development in a Multipolar Global Economy Book in PDF, ePub and Kindle
Reduction of large and persistent external imbalances is currently a key focus of G-20 discussions. The paper argues that in a progressively multipolar world economy, the goals of global rebalancing, growth, and development are increasingly inter-linked. Growth-oriented rebalancing calls for emphasizing structural reforms and leveraging the role of developing countries in supporting strong and balanced global growth.
Author | : Michael Pettis |
Publisher | : |
Total Pages | : 219 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 9780691158686 |
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A noted economist argues instead that we are not entering another Great Depression but rather are undergoing a critical rebalancing of the world economies.
Author | : Da Lei |
Publisher | : World Scientific |
Total Pages | : 235 |
Release | : 2022-07-27 |
Genre | : Political Science |
ISBN | : 9811247633 |
Download China And The World Economy: Anti-crisis And Rebalance Book in PDF, ePub and Kindle
This book studies the main characteristics of the operation of the Chinese economy and the world economy after the financial crisis in 2008. The analysis starts from the core logic of the dilemma of the anti-crisis and rebalancing growth of the world economy. It further analyzes the impact of major countries' macro-economic policies on the global economy and the external risks and countermeasures faced by the Chinese economy. In addition, this book studies the development of foreign direct investment and the service industry in major countries after the crisis.
Author | : Adam Triggs |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
Download Rebalancing a Lopsided Global Economy Book in PDF, ePub and Kindle
The growth in global current account imbalances has produced a lopsided global economy, characterised by large lenders and large borrowers, large savers and large consumers, and large exporters and large importers. For many years, the G20 has committed to reducing these imbalances. But has it been successful? Are the G20's policy prescriptions for reducing these imbalances the right ones? And have countries altered their policies because of the discussions and commitments in the G20 or not? The paper assesses whether the G20 has achieved its goal of reducing global current account imbalances. It then uses the G-Cubed (G20) model -- a multi-country, multi-sector, intertemporal general equilibrium model -- to assess the impacts of the G20's proposed policy agenda. It shows that the G20's policy prescriptions -- reducing the fiscal deficit in the United States, increasing public infrastructure investment in Germany and increasing domestic consumption in China -- are not necessarily effective in reducing current account imbalances and, when imbalances are reduced, it often comes at the cost of the real economy. Finally, the paper uses the results from in-depth interviews with 61 policymakers from across all G20 countries -- including Janet Yellen, Kevin Rudd, Ben Bernanke, Haruhiko Kuroda, Jack Lew, Mark Carney and 55 others -- to explore whether the G20's focus on current account imbalances influences domestic policies. It finds that, while the G20's influence has been marginal, there are ways in which it could be strengthened. The paper concludes with a discussion on how the G20's agenda could be reformed to help reduce current account imbalances in the future.
Author | : Yang Li |
Publisher | : Springer |
Total Pages | : 266 |
Release | : 2017-10-05 |
Genre | : Business & Economics |
ISBN | : 9811061505 |
Download Imbalance and Rebalance Book in PDF, ePub and Kindle
This book focuses on global financial systems. After summarising historical financial institutions, it subsequently uses economic and econometrical models to analyse the strengths and weaknesses of these institutions and their role in the history. Readers, especially international readers, will be introduced to prominent Chinese scholars’ ideas and views on these issues. The perspective of this book is, of course, a Chinese one. As such, readers will learn how Chinese people view global financial systems, even those dominated by the West, what they think about future global finance, etc. As such, the book offers intriguing and revealing insights for researchers and a broader readership alike.