Historical perspective on global imbalances
by Michael D. Bordo
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"This paper takes an historical perspectives approach to the current episode of global imbalances. I consider four historical episodes which may give some indications as to whether the adjustment to U.S. current account deficit will lead to a 'benign' or 'gloomy' outlook. The episodes are: the transfer of capital in the earlier era of globalization the late nineteenth century; the interwar gold exchange standard; Bretton Woods; and the 1977-79 dollar crisis. I conclude that adjustment in earlier era of globalization has more resonance for the current imbalance than the other scenarios"--National Bureau of Economic Research web site.
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Subjects
History, Balance of trade, GlobalizationShowing 1 featured edition. View all 1 editions?
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Historical perspective on global imbalances
2005, National Bureau of Economic Research
Electronic resource
in English
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Book Details
Published in
Cambridge, MA
Edition Notes
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 6/30/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| December 13, 2020 | Edited by MARC Bot | import existing book |
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