Coverart for item
The Resource Global imbalances and the financial crisis, Steven Dunaway

Global imbalances and the financial crisis, Steven Dunaway

Label
Global imbalances and the financial crisis
Title
Global imbalances and the financial crisis
Statement of responsibility
Steven Dunaway
Creator
Contributor
Subject
Language
eng
Summary
Crafting stimulus packages and financial bailouts to address immediate problems has for many reasons been a priority for policymakers. In this Council Special Report, however, Steven Dunaway argues that policymakers must go beyond these steps and tackle one of the root causes of today's crisis: imbalances between savings and investment in major countries. The report analyzes the nature of these imbalances, which occur when some countries, such as the United States, run large current account (essentially trade) deficits while others, such as China, maintain large surpluses. Dunaway identifies three features of the international financial system that have allowed the imbalances to persist, features that involve both floating and managed exchange rates as well as the issuance of reserve assets. In particular, he notes that the United States' status as an issuer of such assets has enabled it to finance a current account deficit. The report then prescribes a variety of steps to address global imbalances. Beyond stimulus packages around the world, it urges measures to raise savings (principally government savings) in the United States, reform labor and product markets in Europe and Japan to increase competition and flexibility, and boost domestic consumption in China. Finally, the report advocates improving International Monetary Fund (IMF) surveillance of member states' economic policies by reducing the role of the Fund's executive board and depoliticizing the selection of its senior management
Member of
Additional physical form
Also available online at the CFR website.
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Dunaway, Steven Vincent
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Council on Foreign Relations
Series statement
Council special report / Council on Foreign Relations
Series volume
no. 44
http://library.link/vocab/subjectName
  • International Monetary Fund
  • Balance of payments
  • Saving and investment
  • International finance
  • Balance of trade
Label
Global imbalances and the financial crisis, Steven Dunaway
Instantiates
Publication
Note
"March 2009."
Bibliography note
Includes bibliographical references (pages 31-32)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb16065736
Dimensions
23 cm.
Extent
ix, 56 pages
Isbn
9780876094280
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)315733280
Label
Global imbalances and the financial crisis, Steven Dunaway
Publication
Note
"March 2009."
Bibliography note
Includes bibliographical references (pages 31-32)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb16065736
Dimensions
23 cm.
Extent
ix, 56 pages
Isbn
9780876094280
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)315733280

Library Locations

    • Badia FiesolanaBorrow it
      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055
Processing Feedback ...