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International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization, and Exchange Rate Policy (National Bureau of Economic Research East Asia Seminar on Economics)

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 | #4655165 in eBooks |  2008-09-15 |  2008-09-15 | File type: PDF

||About the Author|
Takatoshi Ito is professor of economics at the University of Tokyo and a research associate of the NBER and the Tokyo Center for Economic Research.| |Andrew K. Rose is the Bernard T. Rocca Jr. Professor of Internatio


The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities.  International Financial Issues in the Pacific Rim explains why th...

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