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dc.contributor.authorOberpriller, Christian M.en_US
dc.date.accessioned2007-08-03en_US
dc.date.accessioned2009-08-06T10:03:21Z-
dc.date.available2009-08-06T10:03:21Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/27019-
dc.description.abstractThe present paper extends the Obstfeld and Rogoff (2005) framework of current account imbalances by the oil exporting countries as a fourth region. It sets the stage for a variety of analysis that can be conducted within a four-region-setting that accounts for the importance of OPEC as a major current account surplus provider in the process of narrowing global current account imbalances. We find that including the oil exporting countries as an additional region consisting of OPEC and Russia lowers the adjustment effects predicted by Obstfeld and Rogoff. Depending on different assumptions on how global imbalances might be eliminated, our model predicts a real dollar depreciation in the range of 29.9 to 52.6 percent.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel advanced studies working papers 442en_US
dc.subject.jelF31en_US
dc.subject.jelF32en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordcurrent accounten_US
dc.subject.keywordexchange ratesen_US
dc.subject.keywordglobal imbalancesen_US
dc.subject.stwLeistungsbilanzen_US
dc.subject.stwZahlungsbilanzungleichgewichten_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwUS-Dollaren_US
dc.subject.stwErdölförderungen_US
dc.subject.stwWelten_US
dc.subject.stwOPEC-Staatenen_US
dc.titleGlobal current account imbalances and exchange rate adjustment: the role of oil suppliersen_US
dc.typeWorking Paperen_US
dc.identifier.ppn538712112en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Kiel Advanced Studies Working Papers, IfW
Publikationen von Forscherinnen und Forschern des IfW

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