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Approaches to Managing External Equilibria: Where We Are, Where We Might Be Headed, and How We Might Get There

In: Evolution of the International and Regional Monetary Systems

Author

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  • Edwin M. Truman

Abstract

While not all economists around the world would agree with Robert Triffin’s statement that the external deficit of the United States is the central international economic problem today, a remarkably large majority would agree with him — remarkable by the normal standard of agreement among economists. The consensus breaks down, however, when it comes to the question of why the US external deficit is so important.

Suggested Citation

  • Edwin M. Truman, 1991. "Approaches to Managing External Equilibria: Where We Are, Where We Might Be Headed, and How We Might Get There," Palgrave Macmillan Books, in: Alfred Steinherr & Daniel Weiserbs (ed.), Evolution of the International and Regional Monetary Systems, chapter 6, pages 59-77, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11061-2_6
    DOI: 10.1007/978-1-349-11061-2_6
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