Crise financière et déséquilibres mondiaux, la stabilité du dollar en question
The dollar has proved remarkably stable during the financial crisis despite a persistent US current account deficit. Nevertheless global imbalances may have played a role in the financial turmoil by explaining why long-term interest rates have remained low for a prolonged period fueling then demand for toxic assets. Contrary to this view, we believe that the house price and structured assets bubbles are mainly due to intrinsic instability of finance. Question around the dollar stability remains then acute. The so-called Bretton Woods II system is fragile as shown by the recent financing of the US current account deficit. A better coordination of macroeconomic policies is then still needed in order to avoid undesirable exchange rate market instability.
Volume (Year): XLIX (2010)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.cairn.info/revue-reflets-et-perspectives-de-la-vie-economique.htm|
When requesting a correction, please mention this item's handle: RePEc:cai:rpvedb:rpve_494_0029. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.