PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
Czasopismo
2006 | nr 7 | 14--29
Tytuł artykułu

Nierównowaga globalna: przyczyny oraz możliwe rozwiązania

Treść / Zawartość
Warianty tytułu
Global Imbalances: Causes and Possible Solutions
Języki publikacji
PL
Abstrakty
Opracowanie ma na celu analizę występującej obecnie nierównowagi globalnej w postaci wysokiego deficytu na rachunku obrotów bieżących w Stanach Zjednoczonych. Scharakteryzowano skalę oraz przebieg narastania nierównowagi. Przedstawiono hipotezy dotyczące przyczyn powstania nierównowagi. Opisano scenariusze powrotu gospodarki światowej do stanu równowagi.
EN
This article analyzes current global imbalances which are reflected as a high level of current account deficit in the United States. The paper consists of three parts. The first one describes the scale and dynamics of disequilibrium. The second part discusses causes of the global imbalances. The third part presents different scenarios concerning restoration of global equilibrium. (original abstract)
Czasopismo
Rocznik
Numer
Strony
14--29
Opis fizyczny
Twórcy
Bibliografia
  • Blanchard O., Giavazzi F., Sa F. (2005), The U.S. current account and the dollar, "Working Paper", No. 11137, NBER, Cambridge.
  • Cline W. (2005), The United States as a Debtor Nation, Institute for International Economics, Washington D. C.
  • Diehl M., Schweickert R. (2005), Monetary management of transition in China: Balancing short - run risks and long - run optimality, "Kiel Economic Policy Papers", No. 1, Kiel Institute for World Economics, Kiel.
  • Dooley M., Folkerts-Landau D., Garber P. (2003), An essay on the revived Bretton Woods system, "Working Paper", No. 9971, NBER, Cambridge.
  • Dooley M., Folkerts-Landau D., Garber P. (2004), The revived Bretton Woods system: The effects of periphery intervention and reserve management on interest rates and exchange rates in center countries, "Working Paper", No. 10332, NBER, Cambridge.
  • Dooley M., Folkerts-Landau D., Garber P. (2005), Savings gluts and interest rates: The missing link to Europe, "Working Paper", No. 11520, NBER, Cambridge.
  • Edwards S. (2005), Is the U.S. current account deficit sustainable? And if not, how costly is adjustment likely to be?, "Working Paper", No. 11541, NBER, Cambridge.
  • Goldstein M., Lardy N. (2005), China's role in the revised Bretton Woods system: A case of mistaken identity, "Working Paper", No. 05-2, Institute for International Economics, Washington D. C.
  • Gordon R. (2002), Technology and economic performance in the American economy, "Working Paper", No. 8771, NBER, Cambridge.
  • IMF (2006a), World Economic Outlook. Awash with Cash: Why are Corporate Savings so High?, April, IMF, Washington D. C.
  • IMF (2006b), World Economic Outlook. Oil Prices and Global Imbalances, April, IMF, Washington D. C.
  • JP Morgan (2005a), Global Issues. Corporates are driving the global saving glut, June, JP Morgan, London. JP Morgan (2005b), Global Data Watch, September 23, JP Morgan, London.
  • OECD (2005a), China, "Economic Surveys", No. 13, OECD, Paris.
  • OECD (2005b), Economic Outlook, December, OECD, Paris.
  • Obstfeld M., Rogoff K. (2004), The unsustainable US current account position revisited, "Working Paper", No. 10869, NBER, Cambridge.
  • Pyo H. (2005), An episode of rapid productivity convergence and stagnation: Korea (1953-2003), Lecture at the 58th GOC Seminar, Korean Development Bank, Seoul.
  • Rosenberg M. (1996), Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination, IRWIN, Chicago.
  • Rosenberg M. (2003), The dollar's equilibrium exchange rate: A market view, w: F. Bergsten, W. Williamson (red.), Dollar Overvaluation and the World Economy, Institute for International Economics, Washington D. C.
  • BANK I KREDYT lipiec 2006 Macroeconomics 29
  • Roubini N., Setser B. (2005), Will the Bretton Woods 2 regime unravel soon? The risk of a hard landing in 2005-2006, "Proceedings", Issue Feb., FRB of San Francisco, San Francisco.
  • Setser B. (2005), Testimony before the Joint Economic Committee, http://www.rgemonitor.com/re dir.php?sid=1&tgid=10000&cid=133835
  • Truman E. (2005), Postponing global adjustment: An analysis of the pending adjustment of global imbalances, "Working Paper", No. 05-6, Institute for International Economics, Washington D. C.
  • Warnock F, Warnock V. (2005), International capital flows and U. S. interest rates,, "International Finance Discussion Papers", No. 840, Board of Governors of the Federal Reserve System, Washington D. C.
  • White W. (2005), Changes in productivity and competitiveness: Impact on the international allocation of capital and global imbalances, International symposium: Productivity, competitiveness and globalization,Bank of France, Paris
  • http://www. banque-france. fr/gb/publications/telechar/seminaires/nov_2005/session2b. pdf
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000109923911

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.