Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia /

A reduction in the U.S. current account deficit vis-a-vis emerging Asia involves a shift in demand from U.S. to emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in the terms of trade and real exchange rates in a three-country o...

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Detalhes bibliográficos
Autor principal: Sandri, Damiano
Outros Autores: Mejean, Isabelle, Rabanal, Pau
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2011.
Colecção:IMF Working Papers; Working Paper ; No. 2011/046
Acesso em linha:Full text available on IMF