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Global Imbalances - Their Sustainability and the Role of the Dollar

Author

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  • Balicki Artur

    (Collegium of World Economy, Warsaw School of Economics, Madalińskiego 6/8 162, 02-554 Warszawa)

Abstract

This paper aims at delivering some analysis on the complex issue of global imbalances in the pattern of exports and imports of goods and services and simultaneous flow of capital in the world economy during the last decade. It discusses why these flows were principally streaming from developing to developed countries and what are their main driving forces. It also embarks on the problem of sustainability of global imbalances and the dollar playing an important role in reshaping them.

Suggested Citation

  • Balicki Artur, 2011. "Global Imbalances - Their Sustainability and the Role of the Dollar," Folia Oeconomica Stetinensia, Sciendo, vol. 10(1), pages 99-109, January.
    • Handle: RePEc:vrs:foeste:v:10:y:2011:i:1:p:99-109:n:1
    DOI: 10.2478/v10031-011-0001-6
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    References listed on IDEAS

    as
    1. Martin Feldstein, 2008. "Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 113-125, Summer.
    2. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc.
    3. Hiro Ito & Menzie Chinn, 2009. "East Asia and Global Imbalances: Saving, Investment, and Financial Development," NBER Chapters, in: Financial Sector Development in the Pacific Rim, pages 117-150, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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