Global imbalances: a symptom not a cause (opens in new tab)

Global imbalances are back on the agenda of the economic powers that be. What are these ‘global imbalances’? First, there is the imbalance in global trade, namely some countries run significantly large surpluses in goods and services exports over imports; while other countries run sizeable deficits on trade. The global current account imbalance is theContinue reading "Global imbalances: a symptom not a cause"