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Causes and Consequences of Global Imbalances: Perspective from Developing Asia
Asia Global Imbalances
2009/9/1
Global current account imbalances are one of the key macroeconomic
imbalances that underlie the global financial crisis. The central objective of
this paper is to analyze the causes and consequences...
The global economy is suffering from serious imbalances characterized by deterioration of the US current account deficit, rapid increases in oil and raw material prices and excessive international liq...