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Possible depreciation of the US dollar for unsustainable current account deficit in the United States

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  • Eiji Ogawa
  • Takeshi Kudo

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Suggested Citation

  • Eiji Ogawa & Takeshi Kudo, 2007. "Possible depreciation of the US dollar for unsustainable current account deficit in the United States," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(04), pages 24-30, January.
    • Handle: RePEc:ces:ifofor:v:8:y:2007:i:04:p:24-30
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    File URL: https://www.ifo.de/DocDL/forum4-07-focus4.pdf
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    References listed on IDEAS

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    1. Ahmed, Shaghil & Rogers, John H., 1995. "Government budget deficits and trade deficits Are present value constraints satisfied in long-term data?," Journal of Monetary Economics, Elsevier, vol. 36(2), pages 351-374, November.
    2. Milesi-Ferreti, Gian Maria & Razin, Assaf, 1996. "Current account sustainability," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34294, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Osterwald-Lenum, Michael, 1992. "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 461-472, August.
    4. Ogawa, Eiji & Kudo, Takeshi, 2007. "Asymmetric responses of East Asian currencies to the US dollar depreciation for reducing the US current account deficits," Journal of Asian Economics, Elsevier, vol. 18(1), pages 175-194, February.
    5. Shin-ichi Fukuda & Sanae Ohno, 2003. "Exchange Rate Regimes in East Asia after the Crisis: Implications from Intra-daily Data," CIRJE F-Series CIRJE-F-247, CIRJE, Faculty of Economics, University of Tokyo.
    6. MIYAO Ryuzo, 2002. "Another Look at Origins of the Asian Crisis: Tests of External Borrowing Constraints," ESRI Discussion paper series 011, Economic and Social Research Institute (ESRI).
    7. Eiji Ogawa & Takeshi Kudo, 2004. "How much depreciation of the US dollar for sustainability of the current accounts?," Hi-Stat Discussion Paper Series d04-44, Institute of Economic Research, Hitotsubashi University.
    8. Bohn, Henning, 1995. "The Sustainability of Budget Deficits in a Stochastic Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 257-271, February.
    9. Eiji Ogawa & Michiru Sakane, 2006. "The Chinese Yuan after the Chinese Exchange Rate System Reform," Discussion papers 06019, Research Institute of Economy, Trade and Industry (RIETI).
    10. Matsubayashi, Yoichi, 2005. "Are US current account deficits unsustainable?: Testing for the private and government intertemporal budget constraints," Japan and the World Economy, Elsevier, vol. 17(2), pages 223-237, April.
    11. Eiji Ogawa & Michiru Sakane, 2006. "Chinese Yuan after Chinese Exchange Rate System Reform," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(6), pages 39-57, November.
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    More about this item

    Keywords

    Zahlungsbilanzungleichgewicht; US-Dollar; Vereinigte Staaten; Balance of payments imbalances; US Dollar; United States;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

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