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Why the US Current Account Deficit is Not Sustainable

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  • Daniel Gros

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  • Daniel Gros, 2006. "Why the US Current Account Deficit is Not Sustainable," International Finance, Wiley Blackwell, vol. 9(2), pages 241-260, August.
    • Handle: RePEc:bla:intfin:v:9:y:2006:i:2:p:241-260
    DOI: 10.1111/j.1468-2362.2006.00186.x
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    References listed on IDEAS

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    1. 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.
    2. Maurice Obstfeld & Kenneth S. Rogoff, 2005. "Global Current Account Imbalances and Exchange Rate Adjustments," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(1), pages 67-146.
    3. Pierre-Olivier Gourinchas & Hélène Rey, 2007. "From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege," NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 11-66, National Bureau of Economic Research, Inc.
    4. William R. Cline, 2005. "United States as a Debtor Nation, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 3993.
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    Cited by:

    1. Adam S. Posen, 2008. "Why the Euro will Not Rival the Dollar," International Finance, Wiley Blackwell, vol. 11(1), pages 75-100, May.
    2. Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2008. "Cross-Border Returns Differentials," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1495-1530.
    3. Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2007. "The Stability of Large External Imbalances: The Role of Returns Differentials," NBER Working Papers 13074, National Bureau of Economic Research, Inc.
    4. Mr. Alexander D Klemm, 2013. "Growth Following Investment and Consumption-Driven Current Account Crises," IMF Working Papers 2013/217, International Monetary Fund.
    5. Sobański Konrad, 2019. "‘Dark matter’ in the external sector of the United States," Economics and Business Review, Sciendo, vol. 5(2), pages 86-108, June.

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