External Adjustment

External Adjustment
Author :
Publisher :
Total Pages : 64
Release :
ISBN-10 : UCSD:31822021212253
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis External Adjustment by : Maurice Obstfeld

Download or read book External Adjustment written by Maurice Obstfeld and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can amount to significant fractions of GDP. These fluctuations in asset values render the national income and product account measure of the current account balance increasingly inadequate as a summary of the change in a country's net foreign assets. Nonetheless, unusually large current account imbalances, especially deficits, should remain high on policymakers' list of concerns, even for the richer and less credit-constrained countries. Extreme imbalances signal the need for large and perhaps abrupt real exchange rate changes in the future, changes that might have undesired political and financial consequences given the incompleteness of domestic and international asset markets. Furthermore, of the two sources of the change in net foreign assets -- the current account and the capital gain on the net foreign asset position -- the former is better understood and more amenable to policy influence. Systematic government attempts to manipulate international asset values in order to change the net foreign asset position could have a destabilizing effect on market expectations"--NBER website


External Adjustment Related Books

External Adjustment
Language: en
Pages: 64
Authors: Maurice Obstfeld
Categories: Balance of trade
Type: BOOK - Published: 2004 - Publisher:

GET EBOOK

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a
The Politics of Bad Options
Language: en
Pages: 321
Authors: Stefanie Walter
Categories: Business & Economics
Type: BOOK - Published: 2020 - Publisher: Oxford University Press

GET EBOOK

The book sheds new light on the history of the Eurozone crisis and provides crucial lessons for the way forward.
Handbook of Cultural Intelligence
Language: en
Pages: 433
Authors: Soon Ang
Categories: Business & Economics
Type: BOOK - Published: 2015-01-28 - Publisher: Routledge

GET EBOOK

Cultural intelligence is defined as an individual's ability to function effectively in situations characterized by cultural diversity. With contributions from e
Fund-Supported Programs - Objectives and Outcomes
Language: en
Pages: 71
Authors: International Monetary Fund. Policy Development and Review Dept.
Categories: Business & Economics
Type: BOOK - Published: 2004-11-24 - Publisher: International Monetary Fund

GET EBOOK

NULL
Financial Crises and the Politics of Macroeconomic Adjustments
Language: en
Pages: 273
Authors: Stefanie Walter
Categories: Business & Economics
Type: BOOK - Published: 2013-10-31 - Publisher: Cambridge University Press

GET EBOOK

This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisi