| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w12194
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| 来源ID | Working Paper 12194
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| G7 Current Account Imbalances: Sustainability and Adjustment |
| Richard H. Clarida
|
| 发表日期 | 2006-05-01
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| 出版年 | 2006
|
| 语种 | 英语
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| 摘要 | This volume collects the eleven original papers that were written for the NBER Project on G7 Current Account Imbalances. Four major themes emerged from the papers written for the project. First, there was broad agreement that the current account imbalances that prevailed among the G7 countries as of June 2005 would ultimately decline, although there was no consensus on when or how this would occur . Second, there was agreement that adjustments in global currency markets would likely be associated with the shifts in global saving and investment patterns that would be required to bring about the ultimate decline in G7 current account imbalances. Third, while the focus of the conference was on current account imbalances in the G7 countries, it was recognized that the aggregate excess of saving over investment that existed among the emerging market economies at the time of the conference, as well as the currency intervention policies of some of these countries, were contributing to the current imbalances in the G7 that prevailed as of June 2005. Fourth, there was a consensus that re-valuation of the evolving foreign asset and liability positions of the G7 countries would play a role during process by which current account imbalances narrowed, although there was range of opinion concerning how large a role such revaluation effects would play. |
| 主题 | International Economics
; International Finance
; International Macroeconomics
|
| URL | https://www.nber.org/papers/w12194
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569848
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推荐引用方式
GB/T 7714 |
Richard H. Clarida. G7 Current Account Imbalances: Sustainability and Adjustment. 2006.
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|
文件名：
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w12194.pdf
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格式：
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Adobe PDF
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