NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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G7 Current Account Imbalances: Sustainability and Adjustment

Richard H. Clarida, editor

Conference held June 1-2, 2005
Published in May 2007 by University of Chicago Press
© 2007 by the National Bureau of Economic Research

More information on purchasing this book
507 pages
ISBN: 0-226-10726-4

Table of Contents

Front matter, acknowledgment, table of contents: Richard H. Clarida (p. -10 - 0) (bibliographic info) (download)
Introduction: Richard H. Clarida (p. 1 - 10) (bibliographic info) (download) (Working Paper version)
1. From World Banker to World Venture Capitalist: U.S. External Adjustment and the Exorbitant Privilege: Pierre-Olivier Gourinchas, Hélène Rey (p. 11 - 66) (bibliographic info) (download) (Working Paper version)
2. A Global Perspective on External Positions: Philip R. Lane, Gian Maria Milesi-Ferretti (p. 67 - 102) (bibliographic info) (download) (Working Paper version)
3. Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery: Michael P. Dooley, David Folkerts-Landau, Peter Garber (p. 103 - 132) (bibliographic info) (download) (Working Paper version)
4. Current Account Deficits in Industrial Countries: The Bigger They Are, The Harder They Fall?: Caroline Freund, Frank Warnock (p. 133 - 168) (bibliographic info) (download) (Working Paper version)
5. Are There Thresholds of Current Account Adjustment in the G7?: Richard H. Clarida, Manuela Goretti, Mark P. Taylor (p. 169 - 204) (bibliographic info) (download) (Working Paper version)
6. Current Account Reversals: Always a Problem?: Muge Adalet, Barry Eichengreen (p. 205 - 246) (bibliographic info) (download) (Working Paper version)
7. Understanding the U.S. Trade Deficit: A Disaggregated Perspective: Catherine L. Mann, Katharina Plück (p. 247 - 282) (bibliographic info) (download)
8. Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?: Menzie Chinn, Jeffrey A. Frankel (p. 283 - 338) (bibliographic info) (download) (Working Paper version)
9. The Unsustainable U.S. Current Account Position Revisited: Maurice Obstfeld, Kenneth Rogoff (p. 339 - 376) (bibliographic info) (download) (Working Paper version)
10. Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing: Hamid Faruqee, Douglas Laxton, Dirk Muir, Paolo A. Pesenti (p. 377 - 456) (bibliographic info) (download) (Working Paper version)
11. The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account: Aart Kraay, Jaume Ventura (p. 457 - 496) (bibliographic info) (download) (Working Paper version)
List of Contributors, Indexes: Richard H. Clarida (p. 497 - 507) (bibliographic info) (download)
 
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