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Untangling the US Deficit

Author

Listed:
  • Richard A. IIey
  • Mervyn K. Lewis

Abstract

As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit’s causes and consequences has also grown. Is the deficit a product of American profligacy or a ‘glut of savings’ in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China–United States trade imbalance and to the special role of the US dollar and US capital markets in global finance.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Richard A. IIey & Mervyn K. Lewis, 2007. "Untangling the US Deficit," Books, Edward Elgar Publishing, number 4225.
  • Handle: RePEc:elg:eebook:4225
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    File URL: https://www.elgaronline.com/view/9781845429201.xml
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    Citations

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    Cited by:

    1. Bill Lucarelli, 2011. "The Economics of Financial Turbulence," Books, Edward Elgar Publishing, number 14252.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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