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Global Rebalancing.
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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2013.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Contents; Foreword; Acknowledgments; PART I: A FRAMEWORK FOR REBALANCING AND RECOVERY; 1 The Global Crisis and Imbalances; Figures; Figure 1.1 Current Account Balances, 2000-09 and 2010-15; Figure 1.1.1 G20 Indicative Guidelines: Comparison of Approaches (Systemic rule; at market exchange rates); BOXES; BOX 1.1 G20 Indicative Guidelines for Identifying Large Imbalances; 2 (Why) Should Current Account Balances Be Reduced?; Figure A2.1 Equilibrium Exchange Rate and Interest Rate; Figure A2.2 Impact of an Increase in Desired Foreign Saving.
- Figure A2.3 Increase in Foreign Saving, Zero Bound on Interest RatesPART II: IMBALANCES IN MAJOR DEFICIT ECONOMIES; 3 The United States: Resolving "Twin" Deficits; Figure 3.1 U.S. Current Account and Fiscal Balance; Figure 3.2 U.S. Saving-Investment Balances; Figure 3.1.1 Congressional Budget Office Baseline Projections by Vintage; BOX 3.1 U.S. Fiscal Turnaround; Figure 3.3 United States: Home Equity Extraction and Federal Reserve Bank Senior Loan Officer Survey; Figure 3.4 International Reserves; Figure 3.5 Foreign Exchange Reserves by Currency.
- Figure 3.6 Health Care Expenditures versus Life Expectancy, 2007Figure 3.7 Net Purchases of U.S. Long-Term Securities by Foreigners; Figure 3.8 United States: Path of Public Indebtedness, 2001-16; 4 The United Kingdom: Imbalances and the Financial Sector; Figure 4.1 United Kingdom: Contributions to Real GDP; Figure 4.2 U.K. Saving and Investment; Figure 4.3 U.K. Gross Saving by Sector; Figure 4.4 G20 Saving and Investment; Figure 4.5 U.K. Household Consumption and Debt; Figure 4.6 U.K. Household Income Share; Figure 4.7 U.K. Household Net Wealth and Debt.
- Figure 4.8 U.K. House Price-to-Income RatioFigure 4.9 U.K. Public Sector Balance and Debt; Figure 4.10 U.K. Stamp Duty Receipts; 5 France: Imbalances and Declining Competitiveness; Figure 5.1 France: Current Account Balance Components; Figure 5.2 France: Private Saving and Investment; Figure 5.3 France: Private and Public Saving-Investment Balances; Figure 5.4 France: General Government Accounts; Figure 5.5 France: Fiscal Indicators; Figure 5.6 France: Overruns in Real Spending Growth; Figure 5.7 Domestic Demand Growth; Figure 5.8 Real Export Growth, 2001-05 to 2006-10.
- Figure 5.9 Wage Growth Minus Total Factor Productivity GrowthFigure 5.10 Real Effective Exchange Rate (Index based on the consumer price index; 1999 = 100); Figure 5.11 Unit Labor Costs, Manufacturing Sector (Index; 1999 = 100); Figure 5.12 Employment Protection, 2008 (Index); Figure 5.13 Product Market Regulation, 2008 (Index); TABLES; TABLE 5.1 Employment Ratios; 6 India: Dealing with Perennial Fiscal Deficits; Figure 6.1 India: Real GDP Growth; Figure 6.2 India: Debt Dynamics; Figure 6.3 India: General Government Finances; Figure 6.4 India: Investment; Figure 6.5 India: Saving.