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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 Book 17) PDF

441 Pages·2008·3.9 MB·English
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by Takatoshi Ito| 2008| 441 pages| 3.9| English

About 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 Book 17)

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. and “International Financial Issues in the Pacific Rim and ” explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers’ understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. and “International Financial Issues in the Pacific Rim and ” will have broad implications for global trade and economic policy issues in Asia and beyond.

Detailed Information

Author:Takatoshi Ito
Publication Year:2008
ISBN:9780226387086
Pages:441
Language:English
File Size:3.9
Format:PDF
Price:FREE
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