Untangling the US deficit : evaluating causes, cures and global imbalances
The authors examine the many reasons and theories that exist to explain the growth of the US external deficit and the concerns surrounding its financing, particularly the alarming reliance on foreign central bank purchases. These, and various related issues, are analysed in a systematic and rigorous manner
xi, 272 pages : illustrations ; 24 cm
9781845429201, 9781847207050, 1845429206, 1847207057
78071042
The essence of the problem
The trade perspective
National accounting perspectives
The international perspective
Nature of the adjustment mechanisms
The sustainability of the deficit
The demand for US assets
China and the United States
Conclusion