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Fundamentals at odds? : the U.S. current account deficit and the dollar /
The real effective exchange rate of the dollar is close to its minimum level for the past 4 decades (as of September 2008). At the same time, however, the U.S. trade and current account deficits remain large and, absent a significant correction in coming years, would contribute to a further accumula...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/260. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The real effective exchange rate of the dollar is close to its minimum level for the past 4 decades (as of September 2008). At the same time, however, the U.S. trade and current account deficits remain large and, absent a significant correction in coming years, would contribute to a further accumulation of U.S. external liabilities. The paper discusses the tension between these two aspects of the dollar assessment, and what factors can help reconcile them. It focuses in particular on the terms of trade, adjustment lags, and measurement issues related to both the real effective exchange rate and the current account balance. |
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| Notas: | At head of title: Research Department. "November 2008." |
| Descripción Física: | 1 online resource (29 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 26-29). |
| ISBN: | 1282842110 9781282842113 9781451871180 145187118X 9781451915716 1451915713 |