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Righting Global Imbalances: Recession, Protection or Reflation?

In: Euroland and the World Economy

Author

Listed:
  • Alex Izurieta
  • George Irvin

Abstract

As highlighted in other chapters in this book, current global imbalances are unprecedented, with the United States running the biggest deficit ever seen, to the tune of an annualized USD 900 billion in the fourth quarter of 2005. Contributors to this book agree that US overseas indebtedness cannot continue growing indefinitely and that a global collapse could ensue in the absence of a change of policy.

Suggested Citation

  • Alex Izurieta & George Irvin, 2007. "Righting Global Imbalances: Recession, Protection or Reflation?," Palgrave Macmillan Books, in: Jörg Bibow & Andrea Terzi (ed.), Euroland and the World Economy, chapter 6, pages 104-131, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37755-4_7
    DOI: 10.1057/9780230377554_7
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    Cited by:

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

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