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Winners And Losers From Dollar Depreciation

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  • Sergio Da Silva
  • Gabrielle De Lima
  • Roberto Meurer

Abstract

We examine the relationship between the US current account deficit, the international value of the dollar, and the dollar reserves of foreign central banks. The declining dollar could benefit US savers at the expense of foreign investors in the USA.

Suggested Citation

  • Sergio Da Silva & Gabrielle De Lima & Roberto Meurer, 2008. "Winners And Losers From Dollar Depreciation," Economic Affairs, Wiley Blackwell, vol. 28(1), pages 63-65, March.
    • Handle: RePEc:bla:ecaffa:v:28:y:2008:i:1:p:63-65
    DOI: 10.1111/j.1468-0270.2008.00804.x
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    References listed on IDEAS

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    1. Maurice Obstfeld & Kenneth Rogoff, 2007. "The Unsustainable US Current Account Position Revisited," NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 339-376, National Bureau of Economic Research, Inc.
    2. Sebastian Edwards, 2005. "Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?," NBER Working Papers 11541, National Bureau of Economic Research, Inc.
    3. Matthew Higgins & Thomas Klitgaard, 2004. "Reserve accumulation: implications for global capital flows and financial markets," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Sep).
    4. Sebastian Edwards, 2005. "Is the U.S. Current Account Deficit Sustainable? If Not, How Costly Is Adjustment Likely to Be?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(1), pages 211-288.
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