米国の対外赤字 Untangling the US Deficit : Evaluating Causes, Cures and Global Imbalances

IIey, Richard A./ Lewis, Mervyn K.

Edward Elgar Publishing Ltd（2007/08発売）

• 製本 Hardcover:ハードカバー版／ページ数 288 p.
• 言語 ENG
• 商品コード 9781845429201
• DDC分類 339.5230973

Full Description

As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit's causes and consequences has also grown. Is the deficit a product of American profligacy or a 'glut of savings' in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China-United States trade imbalance and to the special role of the US dollar and US capital markets in global finance.This unique and well-researched book will be of great interest to academic economists and postgraduates. Policy-makers, business and market economists will also find it to be an enlightening and challenging account.

Contents

Contents: Preface 1. The Essence of the Problem 2. The Trade Perspective 3. National Accounting Perspectives 4. The International Perspective 5. Nature of the Adjustment Mechanisms 6. The Sustainability of the Deficit 7. The Demand for US Assets 8. China and the United States 9. Conclusion References Index