Robert Lafrance - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:59:56+00:00Global Imbalances—Just How Dangerous?
https://www.bankofcanada.ca/wp-content/uploads/2010/06/little.pdf
The combination of rising current account surpluses in Asia and a growing current account deficit in the United States has raised concerns that the resulting imbalances pose a threat to the world economy, especially if they are reversed in a disorderly manner. Some experts believe that normal market forces will resolve these imbalances over time; others argue that policy-makers should facilitate the adjustment with policies that curb domestic demand in deficit countries and stimulate it in surplus countries. Little and Lafrance provide a guide to the major issues and controversies involved in the debate.2006-06-16T10:17:36+00:00enGlobal Imbalances—Just How Dangerous?2006-06-16