Dollar Overvaluation and the World Economy

Name: Dollar Overvaluation and the World Economy
SKU: 27128126
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Description

The dollar rose by about 35 per cent in real terms from 1995 through the end of 2001, supporting the booming US economy of the late 1990s but pushing the current account deficit to a record high of almost 5 per cent of GDP. This special report provides alternative views of how large a dollar depreciation would be needed to restore a sustainable position; analyzes the impact of currency misalignments on each of the three major economies; and discusses the role of exchange market intervention in addressing the issues.

Author Biography:

C. Fred Bergsten, senior fellow and director emeritus, was the founding director of the Peterson Institute for International Economics (formerly the Institute for International Economics) from 1981 through 2012. He is serving his second term as a member of the President's Advisory Committee for Trade Policy and Negotiations and was co-chairman of the Private Sector Advisory Group to the United States-India Trade Policy Forum, comprising the trade ministers of those two countries, during 2007-14. John Williamson, senior fellow (retired), was associated with the Institute from 1981 to 2012. He was project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001; on leave as chief economist for South Asia at the World Bank during 1996-99; economics professor at Pontifica Universidade Catolica do Rio de Janeiro (1978-81), University of Warwick (1970-77), Massachusetts Institute of Technology (1967, 1980), University of York (1963-68), and Princeton University (1962-63); adviser to the International Monetary Fund (1972-74); and economic consultant to the UK Treasury (1968-70).

Release date Australia

February 24th, 2003

Author

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational
Undergraduate

Pages

336

Dimensions

155x228x16

ISBN-13

9780881323511

Product ID

27128126

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