Global Imbalances and the Lessons of Bretton Woods
Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable.In Global Imbalances and the Lessons of Bretton Woods, Barry Eichengreen takes issue with the argument that today's international financial system is largely analogous to the Bretton Woods System of the period 1958 to 1973. Then, as now, it has been argued, the United States ran balance of payment deficits, provided international reserves to other countries, and acted as export market of last resort for the rest of the world.…
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Produktdetails
- ISBN: 978-0-262-26263-7
- EAN: 9780262262637
- Produktnummer: 27874942
- Verlag: MIT Press
- Sprache: Englisch
- Erscheinungsjahr: 2010
- Seitenangabe: 208 S.
- Plattform: EPUB
- Masse: 568 KB
- Abbildungen: 13 ILLUS.
Über den Autor
Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author of Capital Flows and Crises (MIT Press, 2002) and other books.
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